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Housing / Loans / ANZ Grindlays

Interest:

Our interest is calculated on a daily reducing balance. So, in effect  payment is   less than what it is with a monthly
reducing balance.
 

Loan Amount Interest Rate EMI\lac (15 yrs.)

Loan Amount (in Rs)

Rate of interest (% p.a.)

2.1 - 5.0 lacs

15

5.01 - 15.0 lacs

    15.5

15.01 - 25.00 lacs

 16

25.01- 50.0 lacs

     16.5

Greater than Rs.50 lacs

   17

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