Please refer to SH&SFD Circular No. 03 of 2025 and SH&SFD Circular Letter No. 1 of 2026 regarding the subject program.

2. In order to provide further facilitation in implementation of the subject program, the following has been decided:

1. Debt Burden Ratio: Total monthly amortization payments, including the housing finance under consideration and repayment obligations against all other consumer financings, should not exceed 65% of the net disposable income of the prospective borrower.
   
   
2. Property Assessment: For the properties having market value up to Rs. 5.0 million, banks/HBFCL can use their internal resources to assess the property. For the properties having market value above Rs. 5.0 million should be subject to assessment of the property by at least one valuator listed on PBA approved panel.
   
   
3. Turnaround Time: Banks/HBFCL shall not take more than 15 working days for the credit approval process (from the date of receipt of application under the scheme along with complete information).

3. For the purpose of the subject program, prudential regulations of housing finance (HF-3 and HF-7) have been relaxed to the extent mentioned above.

4. Banks/HBFCL shall ensure meticulous compliance with the above instructions.