Home Finance
Charges
| Charges | Details of Charges |
|---|---|
| Processing Fees | Upto 2% |
| Admin Fee | 0.15% |
| Login Fee (Non-refundable and part of processing fees) | Rs. 1,500/- for cases upto 5 lacs and Rs. 3,000/- for cases > 5 lacs |
| CERSAI Charges | Rs 50/- for all loans up to Rs 5 Lakhs and Rs 100/- for all other loans |
| Part Pre-Payment Charges (Fixed ROI period) | Nil |
| Part Pre-Payment Charges excluding corporate borrowers (Floating ROI period) | Nil |
| Foreclosure Charges (Fixed ROI Period) | 2% on the future principle amount |
| Foreclosure Charges excluding corporate borrowers (Floating ROI Period) | Nil |
| Cheque Bouncing Charges | Rs.500/- |
| Delayed Payment Charges | 24% per annum for the delayed days from EMI bounced date till the date of payment |
| Field Visit Charges | Rs. 250 per visit for EMI collection |
| Documentation Charges | Rs. 1150/- |
| PDC Swap Charges | Nil |
| Charges for providing a photocopy of documents | Nil |
| Charges for providing a statement of accounts | Nil |
| Mean rate and Interest rate range for the quarter April 2020 – June 2020 | |||
|---|---|---|---|
| Segment | Mean interest rate | Interest rate range | |
| Min Rate (in %) p.a. | Max Rate (in %) p.a. | ||
| Housing Loan | 11.67% | 9.50% | 14.50% |
| • Mean rate = Sum of rate of interest of all loan accounts / Number of all loan accounts. | |||
| Annualised Percentage Return (APR) for the quarter April 2020 – June 2020 | |||
|---|---|---|---|
| Segment | Min Rate (in %) | Max Rate (in %) | |
| Housing Loan | 9.75% | 16.50% | |
| * Annual Percentage Rate: The Annual Percentage Rate (APR) is a method to compute annualized credit cost which includes interest rate and the loan origination fee | |||
| Housing Finance | ||
|---|---|---|
| Type of Loan | Segment | Effective Rate Of Interest (p.a.) linked to External Benchmark Rate |
| Fixed or Hybrid# | Micro Home Finance | 14.50%* |
| Fixed or Hybrid# | Others | 9.50% - 14.50%* |
# Hybrid: Fixed for 3 years and thereafter floating interest rate
* Market Linked Benchmark (MLB): External Benchmark Rate is arrived based on FBIL 3 Month T Bill Rate. FBIL is an external rate benchmark published by Financial Benchmark India Private Ltd. Rate is published at http://www.fbil.org.in/securities?op=tbillcurve&mq=o.
• Application forms complete in all respects will be processed within 14 days from the date of receipt of application form.
• Wherever additional information/documentation is required to process the application form, the same shall be intimated to the customer within 14 days from the date of receipt of the application form.
To make payments for the Loan via NEFT / RTGS, please contact your Home Branch – Branch Manager for further details
