Home Loan Interest Rates | Home Loan Rates India | Housing Loan Interest Rates

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- FIXED DEPOSIT
  
  Domestic Fixed Deposits
  
  General (1 year < 13 months)
  
  Sr. Citizen (1 year < 13 months)
  
  Less than 1Cr
  
  7.10%
  
  7.75%
  
  1Cr to Less than 5Cr
  
  7.30%
  
  7.95%
  
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  NRI Fixed Deposits
  
  NRO (1 year < 13 months)
  
  NRE (1 year < 13 months)
  
  Less than 1Cr
  
  7.10%
  
  7.10%
  
  1Cr to Less than 5Cr
  
  7.30%
  
  7.30%
  
  Know More
- LOANS
  
  Home (Upto Rs 30 Lac) (Floating)
  
  Loan Against Property (Floating)
  
  Personal
  
  New Car
  
  MCLR+0.00% - 8.50%* p.a
  
  11.0% - 12.10%* p.a
  
  15.5% - 24%
  
  9.25% - 11.50%
  
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- SAVINGS ACCOUNT
  
  3.5% - 4%
  
  Know More
- FOREIGN CURRENCY EXCHANGE RATE
  
  Know More
- MCLR
  
  KNOW MORE
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HOME LOAN EMI CALCULATOR

Loan Amount

Loan Amount in between 1L to 5Cr

Tenure (Months)

Tenure Months in between 12 to 360

Interest Rate

Interest Rate in between 8 to 11

Equated Monthly Installment (EMI) will be `

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Smaller EMIs

Space out your payments and avail smaller EMIs paid over longer tenure

Loan Amount

Minimum - Rs. 3,00,000
Maximum - Depends on combined income

Prepayment Charges

Floating Rate Loan: Nil
Fixed Rate Loan: 2% of outstanding principal/amount prepaid

Interest Rate Applicable

Floating and Fixed

Features and Benefits

Following are the home loan interest rates and charges.

Housing interest rates & charges, are divided into salaried & self-employed individuals.

For salaried individuals

Sr. No	Type	Loan amount (Rs.)	MCLR + Mark Up	Effective Rate Of Interest
1	Floating Rate	Loan amount upto Rs 30 lacs	MCLR + 0.00%	8.50% p.a.
		Loan amount upto Rs 75 lacs	MCLR + 0.15%	8.65% p.a.
		Loan amount above Rs 75 lacs	MCLR + 0.20%	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
2	Fixed rate (for 20 years)	All Loan Amounts	-	11.75%

For Self Employed

Sr. No	Type	Loan amount (Rs.)	MCLR + Mark Up	Effective Rate Of Interest
1	Floating Rate	Loan amount upto Rs 30 lacs	MCLR + 0.05%	8.55% p.a.
		Loan amount upto Rs 75 lacs	MCLR + 0.20%	8.70% p.a.
		Loan amount above Rs 75 lacs	MCLR + 0.25%	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
2	Fixed rate (for 20 years)	All Loan Amounts	-	11.75%
Marginal Cost Based Lending Rate (MCLR) – 8.50% MCLR Reset frequency for Home Loans - Half Yearly Base Rate - 9.20% MRR - 13.70% BPLR - 16.95% 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.

Other Charges**

Description of charges	Amount (Rs.)
Processing Fee Charges	Upto 1% of the loan amount subject to minimum of Rs. 10,000/- Upfront processing fee of Rs 2500 plus GST shall be collected at the time of application login. This fee will not be refunded under any circumstances such as loan rejection/withdrwal of the loan application etc., non disbursement of loan for the reasons solely attributable to the customer. Balance processing fee as applicable shall be collected at the time of loan disbursement.
Penal Interest Rate	@24 % per annum, 2% per month
Switching Fees (Base Rate/BPLR to MCLR)#	When effective rate is to be kept the same - No fees When effective rate is to be revised - 0.5% on outstanding principal with minimum of Rs 10000/-
Switching Fees (Floating Rate to Fixed Rate)#	1% on the outstanding principal with a minimum of 10,000/-
Switching Fees (Fixed Rate to Floating Rate)#	2% on the outstanding principal amount
Switching Fees (Higher Floating Rate to Lower Floating Rate )#	0.5% on outstanding principal with minimum of `10,000/-The lower rate will be equal to the applicable carded interest rate only
Repayment Instruction/Cheque Return charges	500/- Per Instance
Cheque/Instrument Swap Charges	500/- Per Instance
Duplicate Statement Issuance Charges	250/- Per Instance
Duplicate Amortization Schedule Issuance Charges	250/- Per Instance
Duplicate Interest Certificate (Provisional/Actual) Issuance Charges	250/- Per Instance
Issuance Charges of Credit Report	50/- Per Instance
Issuance Charges for Photocopy of title documents	250/- Per document set
Charges on customer initiated requests for copies of documents	250/- Per document set
Prepayment Charges including part prepayment for floating rate loan	NIL
Prepayment Charges for fixed rate loan	2% of the principal outstanding
Equitable Mortgage Creation Charges As applicable in the	As applicable in the state
CERSAI charges	Rs 50/- For Loans up to 5 Lakhs Rs 100/- For Loans above 5 Lakhs

# For Partly Disbursed cases, charges would be calculated on total outstanding principal + undisbursed portion of sanctioned amount.

** Goods and Services tax (GST) will be charged extra as per the applicable rates, on all the charges and fees (wherever GST is applicable).

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