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Revision of rate of interest
on all loans w.e.f. 21/03/17

Rate of Interest on Loans



Revision of rate of interest on all loans w.e.f. 21/03/17

1.  Individual Housing Loan (201) 

Sl. No.

Loan amount / risk rating

ROI (floating)- Salaried & Professionals

S1

S2

S3

1

Rs. 30 lac & below

8.95

9.50

10.00

2

Above Rs. 30 lac to Rs. 50 lac. (with LTV up to 75%)

8.95

9.75

10.25

3

Above Rs. 30 lac to Rs. 50 lac. (with LTV above 75% up to 80%)

9.50

9.75

10.25

4

Above Rs. 50 lac

9.50

9.75

10.25

 

Sl. No.

Loan amount / risk rating

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

S1

S2

S3

1

Rs. 30 lac & below

9.50

10.00

10.50

2

Above Rs.30 lac

9.75

10.25

10.75

2.    Composite Housing Loan (226)

Sl. No.

Loan amount / risk rating

ROI (floating)- Salaried & Professionals

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

S1

S2

S3

S1

S2

S3

1

Rs.30 lac & below

9.25

9.50

10.00

9.50

10.00

10.50

2

Above Rs.30 lac

9.50

9.75

10.25

9.75

10.25

10.75

 

3.  Individual Housing Loan – Super (IHL-Super) (231)*- Fixed for 3 years

Sl. No.

Loan amount / risk rating

ROI - Salaried & Professionals (S&P)

S1

S2

S3

1

Rs. 30 lac & below

9.25

9.75

10.25

2

Above Rs. 30 lac to Rs. 50 lac. (with LTV up to 75%)

9.25

10.00

10.50

3

Above Rs. 30 lac to Rs. 50 lac. (with LTV above 75% up to 80%)

9.75

10.00

10.50

4

Above Rs. 50 lac           

9.75

10.00

10.50

 

Sl. No.

Loan amount / risk rating

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

S1

S2

S3

1

Rs. 30 lac & below

10.00

10.25

10.75

2

Above Rs.30 lac

10.25

10.50

11.00

  

a.     For women beneficiaries for loans up to Rs.25.00 lac in metro/urban centres, Naval/ Airforce/ Defence personnel (both in service and retired) and physically challenged persons 0.15% concession in applicable rate of interest (ROI) for one year will be given.

b.   No pre-closure charges will be charged for part payment / closure of loans except for IHL –   Super (231)

c.     In respect of old housing loans, borrowers will have the option of reducing the rate of interest to the present card rates, by getting fresh risk rating by the branches as per norms and remitting interest adjustment charges, which shall be 0.50% of the outstanding liability, subject to a maximum of Rs. 15000/-  with applicable ST on each time.  However, this facility for reduction in ROI is available to the borrowers who are categorised as S1 & S2 categories only.

 

4.  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)

 

11.75

 

 

12.00

 

 

12.50

 

 

12.00

 

 

12.25

 

 

12.75

 

Purchase from private parties (204)

13.00

13.25

13.50

13.25

13.50

13.75

1.  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

Rs. 30 lac & below

9.75

10.25

10.75

2

Above Rs. 30 lac

10.25

10.50

11.00

 

Sl. No.

Loan amount / risk rating

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

S1

S2

S3

1

Rs.30 lac & below

10.25

10.75

11.25

2

Above Rs.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

Rs.30 lac & below

11.25

11.50

12.00

12.00

12.25

12.50

2

Above Rs.30 lac

11.50

11.75

12.25

12.25

12.50

12.75

 

 

 

 

 

6.    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)

13.25

         


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