Repayment Period - Upto 30 years | Interest Rate - 8.35% - 9.50% p.a. | Loan Amount - Minimum - 10L to Maximum - 25Cr | Maximum Loan - Upto 95% of Loan Amount
- • We offer an easy-to-apply home loan with attractive interest rates, to turn your dream into reality. Our housing loan facilities are available for a range of needs such as purchase a home, renovation or expansion of your existing home or purchase a plot of land and build a home.
- • Owning a home is as much a dream as it is a necessity, after all, it is a permanent roof for you and your family. Buying a home is a very important decision and involves considerable financial planning and commitment. One key aspect of this planning is opting for a home loan. A housing loan acts as an important facilitator in achieving this need and it is therefore very important to choose the right housing loan provider, which can make this journey hassle-free.
- New Home Loans: -
- • Our new home loan facility can be used to purchase ready built-up or under construction house/flat or resale property
- • Loan Term - The maximum term of your home loan can be up to 30 years and it cannot extend beyond your retirement age or 60* years (whichever is earlier).
- • Loan Amount - You can get a home loan up to 90% of the cost of a chosen selected property for the loan requirement up to Rs. 30 Lakh*, depending upon the loan amount required.
- • Tax Benefits - Your home loan makes you eligible for certain tax benefits* as per the prevailing laws. This means that you can save more money by claiming deductions in your income tax, against principal and interest amount repaid.
- • Modes of Repayment - Electronic Clearing Service (ECS)/ National Automated Clearing House(NACH)- based on standing instructions, given to your bank or Post Dated Cheques (PDCs) - Drawn on your salary/savings account. (Only for locations where ECS/NACH facility is not available.)
- Home Construction Loans: -
- • Our home construction loan facility can be used for constructing your dream home, on your owned plot.
- • Loan Term - The maximum term of your home loan can be up to 30 years and it cannot extend beyond your retirement age or 60* years (whichever is earlier).
- • Loan Amount - You can get a loan up to 100% of the construction estimate subject to a maximum of 90% of its market value (whichever is lower) for the loan requirement up to Rs. 30 lakh*. Construction estimate to be certified by chartered engineer/architect and duly verified by the Technical Officer.
- Home Loan Transfer: -
- • Our home loan balance transfer facility can be used to transfer your existing home loan at a lower interest, which will help reduce your current interest burden.
- • Loan Term - The maximum term of your home loan can be up to 30 years and it cannot extend beyond your retirement age or 60* years (whichever is earlier).
- • Loan Amount - You can avail loan for a maximum amount of Rs. 5 Crore. You can transfer 100% of the principal outstanding amount including interest and other charges based on foreclosure statement.
- Balance Transfer Special Offer
- • The offer of Rate of Interest (ROI) at 8.95%* p.a. is applicable only for Balance Transfer (BT) / BT + Top-up product for Salaried and Self Employed Professional (SEP) customers for loans up to Rs. 100 Lakh in Metro locations and up to Rs. 50 Lakh in Non-Metro locations
- • The current Home Loan policy will be applicable for Balance Transfer (BT) cases above Rs. 100 Lakh in Metro locations and above Rs. 50 Lakh in Non-Metro locations
- • For BT + Top-up product with cases above Rs. 100 Lakh in Metro locations and above Rs. 50 Lakh in Non-Metro locations, 50% of the Top-up amount will be applicable at current Home Loan rate as per customer profile and eligibility
Home loans have longer tenure range between minimum 2 years to maximum 30 years. Depending upon the individual applicant`s profile and lender, the APR (Annual Percentage Rate) of a home loan may vary from 8.35% - 9.50% annually. For Example, If you take a home loan of Rs. 10 lakh at rate of 8.35% with tenure of 30 years, then your EMI amount will be Rs. 7,583. The total payable amount at the end of 30 years would be Rs. 27,29,910/-. Therefore, you`ll be paying total interest amount of Rs. 17,29,910/-.
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