Procedure / Admissibility and Check list for House Building Advance to Haryana Government Employees

Q:-    Purpose for which House Building Advance can be granted ?
Ans:- House Building Advance can be granted for the following purposes :-
           1. Construction of House
           2. Purchase of Plot/Constructed House from private source/Housing Board/Registered Society
           3. Extension/Repair of House
 
Q:-    What is the Maximum Admissibility  for House Building Advance ?
Ans:-  Maximum Admissibility for House Building Advance for different categories is as under :-
      
i)    For Construction of a House / Purchase of Built-up House from Govt. Agencies/Private Source or Registered Societies.
 
        34 month's basic pay plus dearness pay plus special pay plus NPA subject to a maximum of Rs.7.50 lakhs or the cost of the built up house allotted by the Govt. Agencies/private source or other registered societies, whichever is less, recoverable in 150 monthly equal instalments.
 
ii)    For Repair of House 
 
       7 months basic pay  plus dearness pay plus special pay plus NPA subject to a maximum of Rs.1.00 lakh recoverable in 96 monthly equal instalments.
 
iii)    For Extension of a House
 
        8 months basic pay plus special pay plus NPA subject to a maximum of Rs.1.80 lakh recoverable in 96 equal monthly instalments.
 
        The maximum of House Building Advance for Consruction, repair and extension of house will be limited to Rs.10.00 lakh.
 
iv)     For the purchase of plot
 
        60% of the total admissibility of House Building Advance or Price of the Plot,  whichever is less, Recoverable in 96 equal monthly instalments.
        The balance of 40% can be availed for the construction of House on the plot purchased with loan obtained from the Govt.
 
        All other conditions governing the grant of these advances will remain the same as laid down in the rules / instructions issued by the Finance Department from time to time.
        No benefit of Revised Admissibility will be given to those who have already drawn even the first instalment or part  of House Building Advance before 25th June, 2004.
 
        The House Building Advance Rules for All India Services will be applicable to the members of All India Services.
 
Q:-    Can Second House Building Advance be admissible to Govt. Employee ?
Ans :-  Yes, The second House  Building Advance can be admissible to Govt. Employees (FD instruction No. 02/02/04-WM(3) dated 01/08/2005)  for consturction of House / Built-up House allotted by Govt. agency or other registerd societies or through Private source on the following terms and conditions :
 
i. The Second House Building Advance will be granted only if the first House Building Advance was taken 10 year back by the applicant.
ii. No portion of previous loan and interest accrued thereon is outstanding against him and NDC to this effect has been issued by the competent authority.
iii. The sale proceeds of the House built/acquired through first House Building Loan taken from State Government will not be taken into consideration.
iv. The second loan will be granted equal to employees present admissibility ( 34 months basic pay + DP + NPA+SP, subject to a maximum of Rs. 7.50 lakh or cost of house which ever is less ) minus (-) amount of first HBL taken by him.
Q:-    Can House Building Advance be raised from another Financial Institution in addition to House Building Advance already taken from Government ?
Ans :-  Yes, The govt. employee can raise another loan from other financial institution like, Housing Development Financial Corporation, Housing Societies, Apex Bank, other banks for the construction / completion of the house etc by mortgaing the same property again, which already stands morgaged with the govt., "Pari-Pasu Charge" is allowed.
 

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