 Home Loans |
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| Office
Premises Loans |
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| Home Loans |
- Range from a minimum of Rs. 1 lakh to a maximum of Rs.1 crore
- Finance up to a maximum of 85% of the price of the property / the
cost of construction (as applicable)
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The fees for the loans include processing and administrative
fees calculated as a percent of loan amount as follows:
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| Processing Fees |
0.8% of the loan amount payable at the time of application. |
| Administrative Fees |
1.0% of the loan amount payable at the time of first
disbursement. |
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| No Commitment fee is payable |
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The repayment due dates are the 1st or the 7th day
of every month and your payment would be collected through post dated
cheques.
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| Interest Rates |
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| Tenure (years) |
Interest Rate |
| 1-5* |
10.75 % |
| 6-10 |
12.25% |
| 11-20 |
12.50 % |
| 21-30 |
12.75 % |
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*In case of only regular Home
Loans, minimum amount of loan is Rs 2 lacs only for 1-5 yrs. For all the
remaining tenure, the minimum loan amount is Rs 1 lac.
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| You can decide your loan tenure subject to the following
two conditions: |
- Maximum tenure is 30 years.
- The loan term does not extend beyond retirement age or 65 years of
age, whichever is earlier.
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| Loan Prepayment |
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We don’t charge any prepayment fee for part prepayment
, but in case of full prepayment or foreclosure , a fees of 2% will be
applicable on amount prepaid including any such amounts prepaid in the
last one year.
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| Office
Premises Loans |
- Purpose Of The Loan
- Loans can be availed for purchase or construction or extension or
improvement of a Non-residential property. However, Loan for improvement
can be given only if improvement is done at the time of acquisition
of property.
- Eligibility Criteria
- Professionally qualified self employed individuals including Doctors,
Pathologists, C.A., Cost accountants, Company Secretaries, Architects,
Engineers, Consultants, Lawyers, Chemists with a minimum of three year’s
work experience.
- Repayment
- EMI’s through PDC’s
- Loan Details
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| Minimum Amount |
Rs. 100,000 |
| Maximum Amount |
Rs. 100,00,000 |
- Interest Details
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| Term of the loan |
Rate of Interest |
| 1-5 years |
13.00 % |
| 6-10 years |
13.25 % |
| 11-15 years |
13.75 % |
- Tenor Of The Loan
- Maximum Tenor of the loan is 15 years.
- The fee structure is as follows
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| Processing Fees |
0.8% of the loan applied |
| Administrative Fees |
1.0% of the loan amount approved |
- LTV Ratio
- A maximum of 85% of the cost of the property or the cost of construction.
Loan for renovation cannot exceed 30 % of the cost of property.
- Prepayment Fees
- A fee of 2% will be levied on the amount prepaid in part or full.
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