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
Interest Calculated on basis of monthly rest.
Maximum Tenure of 10 years.
Processing fee of 0.75%.
Administration fee of 0.50% at time of first
disbursement.
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.
