For construction/acquiring of new or existing house/flat not older than 10 years, maximum period of 30 years or on borrower reaching the age of 70 years whichever is earlier.
Rate of Interest :
Presently Rate of interest on Housing Loan is as under :
||Rate of interest
|Loan upto Rs.75 lakh
|| MCLR+0 (Floating)
|Loan above Rs. 75 lakhs
|| MCLR+0.25 (Floating)
- 0.50% of the loan amount subject to maximum of Rs.20,000/-
- Processing Fee is waived if employees are maintaining salary account with our Bank
No prepayment charges on floating rate housing loans.
Takeover of loan
Takeover of loan from other Bank/FI is allowed