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Revision in Rate of interest on loans w.e.f. 04/11/17

Rate of Interest on Loans



1.  Individual Housing Loan (201)

Sl. No.

Loan amount / risk rating

ROI (floating)- Salaried & Professionals

S1

S2

S3

1

₹ 30 lac & below

8.50

9.25

10.00

2

Above ₹ 30 lac to ₹ 75 lac.

8.75

9.50

10.25

3

Above ₹ 75 lac

9.50

9.75

10.50

 

Sl. No.

Loan amount / risk rating

ROI (floating)- Self-employed and Non-Professionals

S1

S2

S3

1

₹. 30 lac & below

9.25

9.75

10.50

2

Above ₹ 30 lac to ₹ 75 lac.

9.50

10.00

10.75

3

Above ₹ 75 lac

9.75

10.25

11.00

 

2. Composite Housing Loan (226)

Sl. No.

Loan amount / risk rating

ROI (floating)- Salaried & Professionals

 

S1

S2

S3

1

₹ 30 lac & below

9.00

9.75

10.50

2

Above ₹ 30 lac to ₹ 75 lac.

9.25

10.00

10.75

3

Above ₹ 75 lac

10.00

10.25

11.00

 

Sl. No.

Loan amount / risk rating

ROI (floating)- Self-employed and Non-Professionals

S1

S2

S3

1

₹ 30 lac & below

9.75

10.25

11.00

2

Above ₹ 30 lac to ₹ 75 lac.

10.00

10.50

11.25

3

Above ₹ 75 lac

10.25

10.75

 

11.50

 

1.  IHL – Super (IHL-Super)* (231)

Sl. No.

Loan amount / risk rating

ROI - Salaried & Professionals (S&P)

S1

S2

S3

1

₹ 30 lac & below

9.00

9.50

10.25

2

Above ₹ 30 lac to ₹ 75 lac.

9.25

9.75

10.50

3

Above ₹ 75 lac

9.50

10.00

10.50

 

Sl. No.

Loan amount / risk rating

ROI - Self-employed and Non-Professionals (SENP)

S1

S2

S3

1

₹ 30 lac & below

9.75

10.00

10.75

2

Above ₹ 30 lac to ₹ 75 lac.

10.00

10.25

11.00

3

Above ₹ 75 lac

10.25

10.50

11.25

     *ROI fixed for 3 years

  

2.  Affordable Housing Loans

1

233

New Gruhalaksmi Rural Housing Scheme (New GRHS)

8.25% - Fixed for 3 years

2

234

New Loan for Urban Housing (New LUH)

8.25% – Fixed for 3 years

3

230

Credit Link Subsidy Scheme (CLSS) under Pradhan Mantri Awas Yojana (PMAY) for EWS/LIG

Same as applicable to Individual Housing Loan (Product-201) based on borrower’s category plus risk rating. Interest subsidy at the rate of 6.50% for the initial amount of ₹ 6 lac only.

4

232

Credit Link Subsidy Scheme (CLSS) for Middle Income Group (MIG)

Same as applicable to Individual Housing Loan (Product-201) based on borrower’s category plus risk rating. Interest subsidy at the rate of 4%/3% for the initial amount of ₹ 9 lac/₹ 12 lac respectively.

 

5. Site loans (203 and 204)

Sl. No.

Loan amount / risk rating

ROI (floating)- Salaried & Professionals

ROI (floating)- Self-employed and Non-Professionals

S1

S2

S3

S1

S2

S3

1

Loans for site

Allotted by Govt Dev agencies (203)

 

11.25

 

 

11.50

 

 

12.00

 

 

11.50

 

 

11.75

 

 

12.25

 

Purchase from private parties (204)

12.50

12.75

13.00

12.75

13.00

13.25

 

6. Commercial Housing loans (225)

3rd and 4th unit

1.    Purchase of a ready built house/ flat

2.    Construction of house/ Flat

3.    Composite loan

4.    Extension, repairs, renovation, up gradation etc.

5.    Take over the HL liability from other recognized Financial Institutions/ Banks

 

Sl. No.

Loan amount / risk rating

ROI (floating)- Salaried & Professionals

S1

S2

S3

1

₹ 30 lac & below

9.50

10.00

10.75

2

Above ₹ 30 lac

10.00

10.25

11.00

 

Sl. No.

Loan amount / risk rating

ROI (floating)- Self-employed and Non-Professionals

S1

S2

S3

1

₹.30 lac & below

10.25

10.75

11.25

2

Above ₹.30 lac

10.50

11.00

11.50

 

 

5th unit onwards

1.    Purchase of a ready built house/ flat

2.   Construction of house/ Flat

3.   Composite loan

4.   Extension, repairs, renovation, up gradation etc.

5.   Take over the HL liability from other recognized Financial Institutions/ Banks

Sl. No.

Loan amount / risk rating

ROI (floating)- Salaried & Professionals

ROI (floating)- Self-employed and Non-Professionals

S1

S2

S3

S1

S2

S3

1

₹30 lac & below

11.25

11.50

12.00

12.00

12.25

12.50

2

Above ₹30 lac

11.50

11.75

12.25

12.25

12.50

12.75

 

 

 

 

 

7. Other Non-housing loans

Sl. No.

Name of the products/product code

ROI (floating)- Salaried & Professionals

ROI (floating)- Self-employed and Non-Professionals

S1

S2

S3

S1

S2

S3

1

Mortgage loans ( 205)

Flexi LAP (222)

12.75

13.00

13.25

13.00

13.25

13.75

2

Loan against commercial properties (209)

12.50

12.75

13.00

12.75

13.00

13.50

3

Personal loans (220)

12.50

12.75

13.00

13.00

13.25

13.50

 

8. Other loans

Sl. No.

Product No.

Loan Product

ROI

 

1

206

Builder loan

Builder loan for affordable Houses

14.00%–Floating

13.00%–Floating

2

207

Line of Credit (LOC)

11.75%–Floating

3

208

Loans against Rent Receivables (LRR)

·      Registered lease deed with MNC’s/Govt. agencies/PSU/Banks

 

11.50%–Floating

·       Registered lease deed with other organisations/firms of repute

12.50%-Floating

4

227

Special Urban Housing Refinance Scheme (SUHRS)-Direct

11% - Fixed for the entire tenure of loan

5

228

Special Urban Housing Refinance Scheme (SUHRS)-Indirect

12% - Fixed for the entire tenure of loan

6

235

CFHL Top Up loan

Applicable IHL/CHL/Comp Loan plus 1% -Floating

7

236

CFHL Nishchint-Loan for pensioners

10% - Floating

For women beneficiaries for loans up to ₹25.00 lac in metro/urban centres, Naval/ Airforce/ Defence personnel (both in service and retired) and physically challenged persons 0.05% concession in applicable rate of interest (ROI) for one year will be given.

 

     For all the above loans: 

a.    Interest will be charged on daily diminishing balance with interest at monthly rests

b.    Rate of interest for all loans is floating except for Product No.231, 233, 234.

c.    For details of other charges applicable to all loans, please refer Most Important Terms and Conditions  (MITC) and Fair Practice Code (FPC) appearing in this website in home page and announcements.

d.    For further details, contact the nearest branch.



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