The current rate of interest for these loans is 12.25% for residential property and 13.25%
for commercial property. 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
Residential Property
EMI per Lac
Tenure
EMI
EMI
5 years
2237
2288
10years
1449
1507
15years
1216
1281
Interest Calculated on basis of
monthly rest.
Maximum Tenure of 15 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.
