Lowest interest rate and high top-up amount on Home Loan balance transfer

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Fees and Interest Rates

Types of Fees

Charges Applicable

Interest rate
8.85%
Processing fees
1% of the loan amount for salaried individuals
Loan statement charges
NIL
Interest and principal statement charges
NIL
EMI bounce charges
Rs. 1,000 per bounce
Penal interest
2% per month
Secure fee
Rs. 3,999

*Applicable following 1st EMI clearance.

Foreclosure Charges

Borrower Type: Interest Type

Time Period (Months)

Foreclosure charges

Individual: Floating rate
>1
Nil
Non-individual: Floating rate
>1
4% plus applicable taxes
All borrowers: Fixed rate
>1
4% plus applicable taxes

For Term Loan, charges are calculated on the outstanding principal.

For Flexi Interest-only Loan, charges are calculated on the sanctioned limit.

For Flexi Term Loan, charges are calculated on the current dropline limit.

Part-prepayment Charges

Borrower Type: Interest Type

Time Period (Months)

Part-prepayment Charges

Individual: Floating rate
>1
Nil
Non-Individual: Floating rate
>1
2% plus applicable taxes on part payment amount paid
All borrowers: Fixed rate
>1
Nil

Part-prepayment made should be more than 1 EMI.

These charges not applicable for the Flexi Interest-only Loan and Flexi Term Loan facilities.

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