Fees and interest rates
Type of fee | Applicable charges | ||
Rate of interest | Salaried | Self-employed | Doctors |
7.49%* to 10.25%* p.a. | 7.85%* to 10.65%* p.a. | 7.60%* to 10.30%* p.a. | |
Processing fees | Up to 4% of the loan amount + GST as applicable |
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Bounce charges | For loan amounts up to Rs. 15 lakhs: Rs. 500 For loan amounts from Rs. 15,00,001 to Rs. 30,00,000: Rs. 500 For loan amounts from Rs. 30,00,001 to Rs. 50,00,000: Rs. 1,000 For loan amounts from Rs. 50,00,001 to Rs. 1,00,00,000: Rs. 1,000 For loan amounts from Rs. 1,00,00,001 to Rs. 5,00,00,000: Rs. 3,000 For loan amounts from Rs. 5,00,00,001 to Rs. 10,00,00,000: Rs. 3,000 For loan amounts more than Rs. 10 crores: Rs. 10,000 |
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Penal charge | Click here to know about the penal charges. | ||
Interest and Principal Statement Charges | NIL | ||
Part-prepayment charges** | (1) For individual and non-individual borrowers with floating interest rate loans for non-business purposes: (2) For individual and non-individual borrowers with floating interest rate loans for business purposes and all borrowers with fixed interest rate** loans: *GST as applicable will be payable by the borrower in addition to the prepayment charges, if any. **Nil for home loans closed by borrowers out of their own sources. Own sources refer to any source, other than borrowing from a bank/NBFC/HFC and/or a financial institution. Note: In the case of dual-rate home loans (fixed for the initial period and then floating), the foreclosure/part-prepayment charges will be applicable as per the status of the loan as on the foreclosure/part-prepayment date. |
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Foreclosure Charges | (1) For individual and non-individual borrowers with floating interest rate loans for non-business purposes: (2) For individual and non-individual borrowers with floating interest rate loans for business purposes and all borrowers with fixed interest rate** loans: *GST as applicable will be payable by the borrower in addition to the prepayment charges, if any. **Nil for home loans closed by borrowers out of their own sources. Own sources refer to any source, other than borrowing from a bank/NBFC/HFC and/or a financial institution. Note: In the case of dual-rate home loans (fixed for the initial period and then floating), the foreclosure/part-prepayment charges will be applicable as per the status of the loan as on the foreclosure/part-prepayment date. |