Revision of rate of interest on loans w.e.f. 08.06.2022
Rate of Interest on Loans
Housing Loan products
|
Housing Loan Products
|
|
Sl. No.
|
Product Name
|
Interest Type
|
Floating Interest Rate
|
Fixed Interest Rate
|
|
Salaried and Professional
|
Self-Employed & Non-professional
|
Salaried and Professional
|
Self-Employed & Non-professional
|
|
1
|
Individual Housing Loan
|
Floating Rate
|
9.60% to 10.60%
|
10.10% to 11.10%
|
12.60% to 13.60%
|
13.10% to 14.10%
|
|
2
|
Affordable Housing Loan
|
Floating Rate*
|
9.60% to 10.60%
|
10.10% to 11.10%
|
12.60% to 13.60%
|
13.10% to 14.10%
|
|
3
|
Composite Housing Loan
|
|
a.
|
Sites situated in layouts developed by Govt. Dev. Agencies
|
Floating Rate
|
9.70% to 10.70%
|
10.20% to 11.20%
|
12.70% to 13.70%
|
13.20% to 14.20%
|
|
b.
|
Sites situated in approved Private layouts
|
Floating Rate
|
9.85% to 10.85%
|
10.35% to 11.35%
|
12.85% to 13.85%
|
13.35% to 14.35%
|
|
4
|
Commercial Housing loan
|
|
a.
|
Up to 4 units
|
Floating Rate
|
9.70% to 10.95%
|
10.20% to 11.45%
|
12.70% to 13.95%
|
13.20% to 14.45%
|
|
b.
|
Above 5 Units
|
Floating Rate
|
9.75% to 11.00%
|
10.25% to 11.50%
|
12.75% to 14.00%
|
13.25% to 14.50%
|
|
5
|
IHL- Cash Salary
|
Floating Rate
|
10.60% to 11.85%
|
13.60% to 14.85%
|
|
6
|
Special Urban Housing refinance Scheme (Direct)
|
Floating Rate
|
9.85%
|
12.85%
|
|
7
|
Special Urban Housing refinance Scheme (Indirect)
|
Floating Rate
|
10.85%
|
13.85%
|
*On receipt of refinance from NHB, ROI shall be revised prospectively based on the NHB refinance rate. Customers with S3 risk rating are not eligible for loan under the scheme.
Non-Housing Loan products
|
Non-Housing Loan Products
|
|
Sl. No.
|
Product Name
|
Interest Type
|
Floating Interest Rate
|
Fixed Interest Rate
|
|
Salaried and Professional
|
Self-Employed & Non-professional
|
Salaried and Professional
|
Self-Employed & Non-professional
|
|
1
|
Site Loan
|
|
a.
|
Sites situated in layouts developed by Govt. Dev. Agencies
|
Floating Rate
|
10.85% to 12.35%
|
11.35% to 12.85%
|
13.85% to 15.35%
|
14.35% to 15.85%
|
|
b.
|
Sites situated in approved Private layouts
|
Floating Rate
|
11.10% to 12.60%
|
11.60% to 13.10%
|
14.10% to 15.60%
|
14.60% to 16.10%
|
|
2
|
Mortgage Loan
|
Floating Rate
|
10.85% to 11.85%
|
11.35% to 12.35%
|
13.85% to 14.85%
|
14.35% to 15.35%
|
|
3
|
Builder Loan
|
Floating Rate
|
14.40% to 15.40%
|
17.40% to 18.40%
|
|
4
|
Line of Credit
|
Floating Rate
|
13.65%
|
16.65%
|
|
5
|
Loans against Rent Receivables
|
Floating Rate
|
10.60% to 11.10%
|
13.60% to 14.10%
|
|
6
|
Loans for Commercial Properties
|
Floating Rate
|
11.10% to 12.10%
|
11.60% to 12.60%
|
14.10% to 15.10%
|
14.60% to 15.60%
|
|
7
|
Personal Loan
|
Floating Rate
|
10.60% to 11.60%
|
11.10% to 12.10%
|
13.60% to 14.60%
|
14.10% to 15.10%
|
|
8
|
Flexi LAP
|
Floating Rate
|
10.85% to 11.85%
|
11.35% to 12.35%
|
13.85% to 14.85%
|
14.35% to 15.35%
|
|
9
|
CFHL Top-up Loan
|
Floating Rate
|
Applicable Individual Housing Loan/Commercial Housing Loan/Composite Housing Loan Plus 1% - Floating
|
Applicable Individual Housing Loan/Commercial Housing Loan/Composite Housing Loan Plus 1% - Fixed
|
|
10
|
Nishchint - Loan for Pensioners
|
Floating Rate
|
11.60%
|
14.60%
|
|
11
|
I-Secure Loan
|
Floating Rate
|
10.10% to 11.10%
|
10.60% to 11.60%
|
13.10% to 14.10%
|
13.60% to 14.60%
|
Deposits
Fixed Deposits:
|
Fixed Deposit Scheme
|
|
Period of deposits in months
|
Deposits upto Rs.1 cr
|
Bulk deposits >Rs.1 cr to Rs.5 cr
|
Bulk deposits :
>Rs.5 cr
|
|
General Public
|
Senior Citizen
|
|
12
|
6.50%
|
7.00%
|
5.00%
|
4.50%
|
|
13-35
|
6.75%
|
7.25%
|
5.50%
|
5.00%
|
|
36
|
6.75%
|
7.25%
|
5.50%
|
5.00%
|
|
37–48
|
6.75%
|
7.25%
|
5.50%
|
5.00%
|
|
48–60
|
6.75%
|
7.25%
|
5.50%
|
5.00%
|
Cumulative Deposits:
|
Cumulative Deposit Scheme
|
|
Period of deposits in months
|
Deposits upto Rs.1 cr
|
Bulk deposits: >Rs.1 cr to Rs.5 cr
|
Bulk deposits:
>Rs.5 cr
|
|
General Public
|
Senior Citizen
|
|
12
|
6.50%
|
7.00%
|
5.00%
|
4.50%
|
|
13-35
|
6.75%
|
7.25%
|
5.50%
|
5.00%
|
|
36
|
7.50%
|
7.75%
|
5.50%
|
5.00%
|
|
37–48
|
6.75%
|
7.25%
|
5.50%
|
5.00%
|
|
48–60
|
6.75%
|
7.25%
|
5.50%
|
5.00%
|