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COMPARE : HOME LOANS |
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Introduction |
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The bank offers home loans for construction, purchase, refurbishing and even transfer of an existing home loan from another financial institution, and provides versatile finance options for any other home-related expenses. |
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Highlights |
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Interest Rate |
0% |
Loan Amount |
The loan amount eligible is subject to the lowest of the following:
* 85% of cost of construction/value of house/flat for new dwelling units
* 70% of purchase cost in the case of purchase of residential plots
* 75% of cost for existing dwelling units/repairs
* In case of employed persons, the maximum loan amount can be up to 60 times of the net monthly take home salary including that of spouse. This is subject to furnishing satisfactory evidence, even as other income of a permanent nature like interest on deposits/ investment, rental income etc. can be considered in computations to arrive at the net monthly income
* For all other borrowers, the maximum loan amount can be five times the net annual income as per IT Return
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Tenure |
Min. - 3 Yrs.
Max. - 20 Yrs.
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Interest Rates
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Tenure |
Interest Type |
Interest Rate |
Offer |
3 - 20 Yrs. |
Floating |
11.5 % |
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Fees & charges
Fees & charges
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Processing Fee |
1 % |
Cheque Bouncing Charges |
500 Rs |
Late Payment Penalty |
3 % |
Cheque Swapping Charges |
500 Rs |
Document Retrieval Charges |
500 Rs |
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Part prepayment charges - Part prepayment can be done after 6 months from date of
first disbursement. Subject to minimum of Rs. 50,000 and
maximum of 25% of the loan outstanding at the beginning of
the financial year. One payment allowed every financial
year. All part prepayments made 12 months prior to the
foreclosure of the loan will be charged at the applicable
foreclosure rate at the time of foreclosure. |
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Show All Home Loans
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