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Home Loans

NRI Home Loan

Buy a home and invest in the booming real estate market of your home country, safe and hassle-free

Attractive Interest Rates

For the best returns on your investment

Minimal Processing Fees

Nominal application costs

Flexible Tenures

Choose form 1-25 years

Transparent Processing

Simple, hassle-free, with the best in class customer service

Fees and Charges

Eligibility and Documentation

Features and Benefits

The interest rate determines the cost of the loan.

The higher the home loan interest rate, the larger the amount you will have to pay out every month.
You can choose from:

  • Floating rate loans allow you to hedge the risk of rising home loan interest rates
  • Fixed rate loans, to lock the interest rate for a period of time
For salaried individuals
Sr. No Type Loan amount (Rs.) Base Rate + Mark Up Effective Rate Of Interest
1 Floating Rate Loan amount upto Rs 30 lacs MCLR + 0.20% 8.35% p.a.
Loan amount upto Rs 75 lacs MCLR + 0.50% 8.65% p.a.
Loan amount above Rs 75 lacs MCLR + 0.55% 8.70% p.a.
Top Up for existing customers Upto 30%- Same rate at which the home loan is running
30%-100%- LAP rate shall be applicable
For Self Employed
Sr. No Type Loan amount (Rs.) Base Rate + Mark Up Effective Rate Of Interest
1 Floating Rate Loan amount upto Rs 30 lacs MCLR + 0.25% 8.40% p.a.
Loan amount upto Rs 75 lacs MCLR + 0.55% 8.70% p.a.
Loan amount above Rs 75 lacs MCLR + 0.60% 8.75% p.a.
Top Up for existing customers Upto 30%- Same rate at which the home loan is running
30%-100%- LAP rate shall be applicable
Marginal Cost Based Lending Rate (MCLR) – 8.15%
MCLR Reset frequency for Home Loans - Half Yearly
Base Rate - 9.15% 
Customers who have availed disbursement or received a sanction prior to March 31, 2016 will continue to operate on base rate. Existing customers can get in touch with our customer care, if they wish to switch to MCLR.
Type Effective Rate Of Interest
Fixed Rate 11.75% p.a.
Scheme Power Home
Loan Processing Charges Upto 1% of the loan amount subject to minimum of Rs.10,000/-
Prepayment Charges for Floating Rate Nil
Prepayment Charges for Fixed Rate 2% + GST as applicable
No Due Certificate NA
Solvency Certificate NA
Charges for Late Payment of EMI Rs 500 + taxes per cheque bounce and a penal interest @24% per annum i.e. @ 2% per month on the overdue installment/s
Charges for changing from fixed to floating rates of interest 2% of the outstanding amount
Charges for changing from floating to fixed rates of interest Min. Rs. 5000 or 0.5% of the outstanding amount whichever is higher
Charges for stamp duty on equitable mortgage Stamp duty on Equitable Mortgage charges, if applicable to be paid by the customer separately
Sr. No Type Charges
1 Repayment Instruction/Instrument Return charges Rs.500/- per instance
2 Cheque/Instrument Swap charges Rs.500/- per instance
3 Duplicate Statement issuance charges Rs. 250/- per instance
4 Duplicate Amortization schedule issuance charges Rs. 250/- per instance
5 Duplicate Interest Certifcate (Provisional/Actual) issuance charges Rs. 250/- per instance
6 Issuance charges for Photocopy of title documents Rs.250/- per document set
7 Charges on customer initiated requests for copies of documents Rs. 250 per document set
8 Credit report issuance charges Rs.50/- + GST (As applicable) per instance

Switching from the Floating rate scheme to the Fixed rate scheme and vice versa is permissible. If a fixed rate customer wants to reschedule the loan to a lower interest rate, the same is also permissible


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