With loan value up to 90%, you now have an array of products to choose from to make your dream come true.
Features:
Equitas offers tailor-made Home Loan options that fit you best.
Home Loans offered for:
Interest Rate
| Housing Finance |
|
|
| Type of Loan |
Segment |
Effective Rate Of Interest (p.a.) linked to External Benchmark Rate |
| Fixed or Hybrid# |
Micro Home Finance |
16.00%* |
| Fixed or Hybrid# |
Others |
9.00% - 16.00%* |
# Hybrid: Fixed for 3 years and thereafter floating interest rate
* Market Linked Benchmark (MLB): External Benchmark Rate is arrived based on FBIL 12 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.
Charges
| Charges |
Details of Charges |
| Processing Fees |
Upto 2% |
| Admin Fee |
0.15% |
| Login Fee (Non-refundable and part of processing fees) |
Rs. 2000/- |
| 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 photocopy of documents |
Nil |
| Charges for providing statement of accounts |
Nil |
| Mean rate and Interest rate range for the quarter July - September '18 |
| Segment |
Mean interest rate |
Interest rate range |
|
|
Min Rate (in %) p.a. |
Max Rate (in %) p.a. |
| Housing Loan |
12.03% |
9.00% |
16.00% |
| •Mean rate = Sum of rate of interest of all loan accounts / Number of all loan accounts. |
| Annualised Percentage Return (APR) for the quarter July - September '18 |
| Segment |
Min Rate (in %) |
Max Rate (in %) |
| Housing Loan |
9.25% p.a. |
18.00% p.a. |
| * Annual Percentage Rate: The Annual Percentage Rate (APR) is a method to compute annualized credit cost which includes interest rate and loan origination fee |
Home Finance
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