The current rate of interest for these loans is 11.5% for all tenures. The interest rate
on these loans is linked to the Retail Home Loan - Prime Lending Rate (RHL-PLR) and moves up or down with the RHL-PLR.
The EMI table is given below
Loan Tenure
EMI per Lac
5 years
2199
10years
1406
15years
1168
20years
1067
Interest Calculated on basis of
monthly rest.
Maximum Tenure of 20 years.
Processing fee of 0.5%.
No fee for part prepayment. In the
case of full prepayment or foreclosure, 2% will be applicable on amount prepaid including
any such amounts prepaid in the last one year.
