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Home Loans

Top-Up Loan

Extra finance against mortgage of property, for home loan customers to tide a short term crunch

High-Value Loans

Upto Rs. 50,00,000

Multiple Loan Uses

Construction of residential/commercial properties
Personal requirements and business purposed – subject to conditions as mentioned in the affidavit

Loan Tenure

Same as outstanding Home Loan Tenure

Features and Benefits

Sr. No Type Loan Type Loan Amount (Rs) Effective Rate Of
1 Floating Rate Top Up Upto 30% of original sanction amount of home loan Same rate as Home Loan
> 30% of original sanction amount of home loan LAP rate applicable

Base Rate – 9.00%
MRR - 13.70%
BPLR - 16.70%

Scheme Loan Processing Charges Prepayment Charges for Floating Rate Prepayment Charges for Fixed Rate No Due Certificate Solvency Certificate Charges for Late Payment of EMI
Power Home Upto 1% of the loan amount subject to minimum of Rs 10,000/- Nil 2% of outstanding principal/amount prepaid NA NA Rs 500 per cheque bounce and a penal interest @24% per annum i.e. @ 2% per month on the overdue installment/s

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

Sr. No Type Charges
1 Repayment Instruction/Instrument Return charges Rs.500/- per instance
2 Cheque/Instrument Swap charges Rs.500/- per instance
3 CERSAI Charges Rs.500/-
4 Duplicate Statement issuance charges Rs. 250/- per instance
5 Duplicate Amortization schedule issuance charges Rs. 250/- per instance
6 Duplicate Interest Certifcate (Provisional/Actual) issuance charges Rs. 250/- per instance
7 Issuance charges for Photocopy of title documents Rs.250/- per document set
8 Charges on customer initiated requests for copies of documents Rs. 250 per document set
9 Equitable mortgage creation charges As applicable in the state
10 Credit Bureau report issuance charges Rs.50/- Per Instance

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

Switching from the floating rate scheme to the fixed rate scheme and vice versa is permissible. If a fixed rate customer wants to reschedule a loan to the present fixed interest rate applicable to the new customers, the same is also permissible. The existing customers can also switch over to the new rate of interest applicable for the new customer. For all of the above changes, a nominal switching fee is applicable.

Charges for changing from fixed to floating rates of interest Charges for changing from floating to fixed rates of interest Charges for Higher Fixed Rate to Lower Fixed Rate Charges for Higher Floating Rate to Lower Floating Rate
2% of the outstanding Loan amount 1% on the outstanding principal with a minimum of Rs.10,000/- 0.5% on outstanding principal with minimum Rs.10,000/- 0.5% on outstanding principal with a minimum of Rs.10,000/-

* Goods and Services tax (GST) will be charged extra as per the applicable rates, on all the charges and fees (wherever GST is applicable).
* For Partly Disbursed cases, charges would be calculated on total outstanding principal + undisbursed
portion of sanctioned amount.


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