Housing Loans from Capital Area Local Bank

Housing Loans from Capital Area Local Bank

We have dedicated team of experts, in-depth knowledge, customized relationship, management support and a complete package to meet all your housing finance needs. We at CLAB help you to own a home of your dreams.

Maximum Amount
Documents Required
Security Norms
Guarantee Norms

A scheme for your dream home
Individuals or Groups of individuals
No ceiling for Construction / Acquisition / Purchase / Expansion of existing structure and for Repair / up-gradation of existing units Rs.10.00 Lac subject to repayment capacity
Income Proof, Identity Proof, Residential Proof and rest of documents upon project details
25% in case of Purchase / Construction and 50% on Repair / Renovation
Mortgage of house property
Third party guarantee of substantial means.

Capital Local Area Bank Limited, the largest Local Area Bank in the country, completed 15 years of operation on January 14, 2015 with excellent performance in all spheres. The Bank has been operating in the three contiguous Districts of Jalandhar, Kapurthala and Hoshiarpur in Punjab for the initial 13 years. In January 2013, the Reserve Bank of India accorded the approval for expansion in the area of operation of the Bank to two more Districts of Ludhiana and Amritsar in Punjab.

The Bank pioneered in bringing modern banking facilities to the rural areas at a low cost.  In line with the purpose for which the Local Area Banks have been set up, the Bank focused on promoting Financial Inclusion in the area of operation since inception by making banking services accessible to the common man. The Bank is providing a safe, efficient and service oriented repository of savings to the local community on one hand, and reducing their dependence on moneylenders by making need based credit easily available on the other hand.

The total business of the Bank at present has crossed Rs.2482 crores spread out in 39 branches (18 rural, 15 semi urban, 4 urban and 2 metropolitan), with a satisfied customer base of more than 3,15,000. The Bank has more than 80% of its business in rural and semi urban areas, with Priority Sector Lending of 65.26% of the Adjusted Net Bank Credit. The Bank is extending loans primarily to small borrowers as 59.65% of the total advances are up to the ticket size of Rs.25 lacs. The tremendous performance of the Bank is evident from the fact that most of its rural and semi-urban branches have become the largest branches in their respective areas in this short span.

The focus to serve common man and the local touch advantage has given Capital Local Area Bank a competitive edge over other banks in the region.

Financial Inclusion
Going ahead with the national agenda to provide banking services in every unbanked village with population of 2000 and above, the Bank has voluntarily adopted 10 villages in the first phase out of 178 such villages identified in the area of operation of the Bank. The Bank has taken the lead in its area of operation with extension of Banking Services in these centers through Business Correspondent Model by opening 14 Suvidha Kendras (Brick & Mortar BC outlets) whereas SLBC allocated only 3 unbanked villages. In a short span, the Bank has generated a total business of more than Rs.145.92 crores through ‘Suvidha Kendras’ by opening 22,763 accounts. 

From day one, the Bank has provided a gateway to the unbanked population to avail banking services. The Bank has set a rare example in this regard as 26.74% of the total Savings Bank Accounts are 'No Frill Accounts' as on March 31, 2015.


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