Housing loans are to be provided to purchase land and building or construction of personal residential buildings. This facility will be limited up to 90 percent of the cash cost of the construction. Finance in excess of 90 percent can be extended provided the borrower provides additional collateral in the form of Term Deposit/Fixed Deposit Certificate or NSBs securities for the excess loan amount. The security should include first legal mortgage on property (land and building). The house purchased or constructed should be insured in favor of the Co-operative unless value of the land covers the loan amount. For housing loans, the maximum tenure will be 15 years.