Repayment :
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 :
| Loan amount |
Rate of interest |
| Loan upto Rs.75 lakh |
MCLR+0 (Floating) |
| Loan above Rs. 75 lakhs |
MCLR+0.25 (Floating) |
Processing Charges
- 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
Prepayment Charges
No prepayment charges on floating rate housing loans.
Takeover of loan
Takeover of loan from other Bank/FI is allowed