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Revision in Rate of interest on loans w.e.f. 01/04/2018

Rate of Interest on Loans



Revision in Rate of interest on loans w.e.f. 01/04/18

 

 

1.            Individual Housing Loan (201)

Sl. No.

Loan amount / risk rating

ROI (floating)

S & P

SENP

S1

S2

S3

S1

S2

S3

1

Rs. 30 lac & below

8.95

9.60

10.10

9.45

10.10

10.60

2

Above Rs. 30 lac to Rs. 75 lac.

9.20

9.85

10.35

9.70

10.35

10.85

3

Above Rs. 75 lac

9.85

10.10

10.85

10.35

10.60

11.35

 

 

2.    Composite Housing Loan (226 &238):

 

a)   Composite Housing Loan on sites situated in layouts developed by Govt.  Dev. Agencies including second sale (238) :

 

Sl. No.

Loan amount / risk rating

ROI (floating)

S & P

SENP

S1

S2

S3

S1

S2

S3

1

Rs. 30 lac & below

9.20

9.85

10.35

9.70

10.35

10.85

2

Above Rs. 30 lac to Rs. 75 lac.

9.45

10.10

10.60

9.95

10.60

11.10

3

Above Rs. 75 lac

10.10

10.35

11.10

10.60

10.85

11.60

 

b)   Composite Housing Loan on sites situated in approved private layouts including second sale (226):

 

Sl. No.

Loan amount / risk rating

ROI (floating)

S & P

SENP

S1

S2

S3

S1

S2

S3

1

Rs. 30 lac & below

10.20

10.85

11.35

10.70

11.35

11.85

2

Above Rs. 30 lac to Rs. 75 lac.

10.45

11.10

11.60

10.95

11.60

12.10

3

Above Rs. 75 lac

11.10

11.35

12.10

11.60

11.85

12.60

 

3.  IHL – Super (IHL-Super) * (231)

 

Sl. No.

Loan amount / risk rating

ROI (floating)

S & P

SENP

S1

S2

S3

S1

S2

S3

1

Rs. 30 lac & below

9.35

9.60

10.35

9.85

10.10

10.85

2

Above Rs. 30 lac to Rs. 75 lac.

9.60

9.85

10.60

10.10

10.35

11.10

3

Above Rs. 75 lac

9.85

10.10

10.85

10.35

10.60

11.35

 

*ROI fixed for 3 years

 

4.  Affordable Housing Loans:

 

Product

Rate of interest

1

233

New Gruhalaksmi Rural Housing Scheme (New GRHS)

8.50% - Fixed for 3 years

2

234

New Loan for Urban Housing (New LUH)

8.50% – Fixed for 3 years

3

230

Credit Link Subsidy Scheme (CLSS) under Pradhan Mantri Awas Yojana (PMAY) for EWS/LIG

Same as applicable to Individual Housing Loan (Product-201) based on borrower’s category plus risk rating. Interest subsidy at the rate of 6.50% for the initial amount of Rs. 6 lac only.

4

232

Credit Link Subsidy Scheme (CLSS) for Middle Income Group (MIG)

Same as applicable to Individual Housing Loan (Product-201) based on borrower’s category plus risk rating. Interest subsidy at the rate of 4%/3% for the initial amount of Rs. 9 lac/Rs. 12 lac respectively.

 

5.     Site loans (203 & 204 ): Loans for sites in layouts developed by Govt. Dev. Agencies including second sale

 

Sl. No.

Loan amount / risk rating

ROI (floating)

Salaried

SENP

S1

S2

S3

S1

S2

S3

1

Loans for sites in layouts developed by Govt.Dev.Agencies including second sale  (203)

 

10.00

 

10.50

 

11.50

 

10.50

 

11.00

 

12.00

2

Loans for sites in approved private layouts including second sale(204)

 

12.50

12.75

13.00

12.75

13.00

13.25

6.    Commercial Housing loans (225)

3rd and 4th unit

1.           Purchase of a ready built house/ flat

2.      Construction of house/ Flat

3.      Composite loan

4.      Extension, repairs, renovation, up gradation etc.

5.      Take over the HL liability from other recognized Financial Institutions/ Banks

 

Sl. No

Loan amount / risk rating

ROI (floating)

S & P

SENP

S1

S2

S3

S1

S2

S3

1

Rs. 30 lac & below

9.95

10.60

11.10

10.45

11.10

11.60

2

Above Rs. 30 lac

10.20

10.85

11.35

10.70

11.35

11.85

2

Above Rs. 75 lac

10.85

11.10

11.85

11.35

11.60

12.35

 

 

5th unit onwards

1.   Purchase of a ready built house/ flat

2.   Construction of house/ Flat

3.   Composite loan

4.   Extension, repairs, renovation, up gradation etc.

5.   Take over the HL liability from other recognized Financial Institutions/ Banks

Sl. No

Loan amount / risk rating

ROI (floating)

S & P

SENP

S1

S2

S3

S1

S2

S3

1

₹30 lac & below

11.70

12.35

12.85

12.20

12.85

13.35

2

Above ₹30 lac

11.95

12.60

13.10

12.45

13.10

13.60

3

Above ₹75 lac

12.60

12.85

13.60

13.10

13.35

14.10

 

 

 

 

 

 

 

 

 

 

 

 

7.Other Non-housing loans

 

Sl. No.

Name of the products/product code

ROI (floating)

S & P

SENP

S1

S2

S3

S1

S2

S3

1

Mortgage loans (205)

Flexi LAP (222)

12.75

13.00

13.25

13.50

13.75

14.00

2

Loan against commercial properties (209)

12.75

13.00

13.25

13.50

13.75

14.00

3

Personal loans (220)

12.25

12.50

12.75

13.00

13.25

13.50

 

 

8.     Other loans

 

Sl. No.

Product No.

Loan Product

Rate of Interest

1

206

Builder loan

Builder loan for affordable Houses

14.00%–Floating

13.00%–Floating

2

207

Line of Credit (LOC)

11.75%–Floating

3

208

Loans against Rent Receivables (LRR)

·      Registered lease deed with MNC’s/Govt. agencies/PSU/Banks

 

11.50%–Floating

·       Registered lease deed with other organizations

·       /firms of repute

12.50%-Floating

4

227

Special Urban Housing Refinance Scheme (SUHRS)-Direct

11% - Fixed for the entire tenure of loan

5

228

Special Urban Housing Refinance Scheme (SUHRS)-Indirect

12% - Fixed for the entire tenure of loan

6

235

CFHL Top Up loan

Applicable IHL/CHL/Comp Loan plus 1% -Floating

7

236

CFHL Nishchint-Loan for pensioners

10% - Floating

 

 

 

For women beneficiaries for loans up to ₹25.00 lac in metro/urban centres, Naval/ Airforce/ Defence personnel (both in service and retired) and physically challenged persons 0.05% concession in applicable rate of interest (ROI) for one year will be given.

 

For all the above loans:

a.   Interest will be charged on daily diminishing balance with interest at monthly rest

b.   ROI is fixed for 3 years for New GRHS, New LUH  and IHL super loan products

c.   ROI for all other loan products is floating.

d.   For details of other charges applicable to all loans, please refer MITC and FPC ( Most Important Terms and Conditions and Fair Practice Code)  appearing in the company  web site in the home page and announcements .

e.   For further details, contact nearest Branch.

f.    All the existing borrowers who wish to avail the benefit if any in ROI may contact the Branch



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