Home Finance
| 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 | 9.00% - 14.50%* |
# Hybrid: Fixed for 3 years and thereafter floating interest rate
*Market Linked Benchmark (MLB): External Benchmark Rate arrived based on 3 months’ average yield of 10 – year Government of India Bond.
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 April-June'18 | |||
|---|---|---|---|
| Segment | Mean interest rate | Interest rate range | |
| Min Rate (in %) p.a. | Max Rate (in %) p.a. | ||
| Housing Loan | 11.82% | 9.00% | 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 Jan - March '18 | |||
|---|---|---|---|
| Segment | Min Rate (in %) | Max Rate (in %) | |
| Housing Loan | 9.75% p.a. | 16.50% 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 | |||
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