Rate of Interest
Rate of Interest on Home Loans is 8.25% (Under Variable Rate Scheme for loan for period 1-10 years). For more details, please contact our Customer Care Centre or your nearest branch or enquire through e-mail. Interest is calculated on daily reducing balance charged quarterly.
You can decide your loan tenure subject to:
Maximum tenure 5 Years – extended upon 10 years in case of professionals like Doctors/Engg.
The loan term should not extend beyond your retirement or 55 years of age.
Loan Prepayment without charges.
You have the option of prepaying the loan ahead of schedule either in part or in full. No prepayment fee will be charged on the amount being prepaid. However, incase of loan being taken over by other Banks/Housing Finance Companies, prepayment charges are applicable.
In case of any further clarifications mail the Query Form
you can avail a Home Loan from Bank if you plan to construct or purchase a house/ flat or extend your existing house/flat. You must be:
A Non-Resident Indian citizen holding a valid Indian passport
Over 25 years of age.
A salaried individual.
You can get a Home Loan ranging from a minimum of Rs.0.2 million to Maximum of Rs. 5 Million subject to:
A maximum of 75% of the cost of the property or the cost of construction as applicable
Your loan eligibility based on your repayment capacity as determined by us, taking into account your/your co-applicant’s financial position etc.