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Home Loan Starting 6.75%*

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Loan Against Property Interest Rates

Fees and Charges

Types of Fees Charges Applicable
Rate of interest 10%
Processing fees 6%
Loan statement charges NIL
Outstation collection charges Rs.65* per repayment instrument
Other penal charges NIL
Stamp duty Percentage or Amount – Mentioned state wise
Upfront interest NIL
Service charges NIL
Mortgage Origination Fee (MOF) Rs. 5000
Penal Interest 2% per month + applicable taxes
Bounce charges Rs. 3000 inclusive of taxes
Pre-payment charges (Not applicable if the Borrower is an Individual and the Loan is availed on floating interest rate) 2% + applicable taxes
Foreclosure charges (if any) 4% + applicable taxes
Any change in the terms, number of days notice published through company’s website/electronic media 30 days
Notice period for exercise of right of lien/setoff 7 days

Additional Maintenance Charges

Details Charges
Flexi Term Loan 0.25% of the current Flexi Term Loan amount + applicable taxes (as per the repayment schedule) on the date of levy of such charges
Flexi Dropline Loan 0.5% of the loan amount + applicable taxes during initial tenure. 0.25% of the current Flexi Term Loan amount + applicable taxes during Subsequent Tenure

Applicable following 1st EMI clearance.

 

Prepayment and Foreclosure Charges

BORROWER TYPE: INDIVIDUAL TERM LOAN FLEXI LOAN
Time Period (months) >1 >1
Foreclosure Charges Nil Nil
Part Payment Charges Nil Nil

*For purposes other than business

BORROWER TYPE: NON-INDIVIDUAL TERM LOAN FLEXI LOAN
Time Period (months) >1 >1
Foreclosure Charges 4%* on the Principal Outstanding 4%* on the Sanctioned Amount during the Flexi Interest Only
Loan Repayment Tenor;
and
4%* on the available Flexi Loan Limit during the Flexi Term Loan Tenor
Part-Payment Charges 2%* on the Part-Payment Amount NA