HBL Section

HBL Section

House Building Loan Section


The House Building Loan Section of Finance & Accounts Department functions for the distribution of House Building Advance to the Permanent employees of the University for the purpose to build, renovate or purchase their houses/flats as per rules, which further is followed by monthly deductions from the salary of the loanee @ 7.10% p.a. till 31st March 2023 interest rate on the loan upto Rs. 25,00,000/- at present.

The other works of the Section includes:-

  • Investment of surplus money of HBL account in the form of FDR's and STDR's.
  • Maintaining audit reports. 
  • To prepare the Annual statement no.04 & 05.
  • Timely report of investment to the Executive Council, in its meeting.