Home Loans India

Revision of rate of interest on loans w.e.f. 01.07.20

Rate of Interest on Loans

Housing Loan products


Sr. No.

Product Name

Interest Type
Interest Rate
Salaried and Professionals
Self-Employed non-professional
1.
Individual Housing Loan Floating Rate

8.80% to 11.05%

9.80% to 12.30%
2.
Affordable Housing Loan Floating Rate*

8.80% to 11.05%

9.80% to 12.30%
3.
Credit Linked subsidy scheme Floating Rate

8.80% to 11.05%

9.80% to 12.30%
4.
Composite Housing Loan
 
a) Sites situated in layouts developed by Govt. Dev. Agencies Floating Rate

9.05 % to 11.30%

10.05% to 12.55%
b) Sites situated in approved private layouts. Floating Rate

9.80% to 12.05%

10.80% to 13.30%
5.
Individual Housing loan - Super Interest rate is fixed for 3 years

10.30% to 12.80%

11.30% to 14.05%
6.
Commercial Housing loan
 
a) Up to 4 units Floating Rate

9.30% to 13.30%

10.30% to 14.55%

b) Above 5 Units Floating Rate

9.80% to 13.80%

10.80% to 15.05%

7.
IHL- Cash Salary Floating Rate

10.30% to 12.75%

Not applicable
8.
special Urban Housing refinance Scheme (Direct) Floating Rate
11.05%
9.
Special Urban Housing Refinance Scheme Indirect) Floating Rate
12.05%

*Fixed for 7 years from the date of receipt of refinance from NHB.

Non-Housing Loan products

Sr. No.

Product Name

Interest Type
Interest Rate
Salaried and Professionals
Self-Employed non-professional
1.
Site Loan
 
a) Sites situated in layouts developed by Govt. Dev. Agencies Floating Rate

10.05% to 12.30%

11.05% to 13.55%
b) Sites situated in approved private layouts. Floating Rate

11.55% to 13.80%

12.55% to 15.05%
2.
Mortgage Loan Floating Rate

11.80% to 12.08%

12.80% to 13.80%
3.
Flexi Loan Floating Rate

11.80% to 12.08%

12.80% to 13.80%
4.
Loan against commercial properties Floating Rate

12.05% to 13.05%

13.05% to 14.05%
5.
Personal Loans Floating Rate

11.05% to 12.05%

12.05% to 13.05%
6.
Builder Loan Floating Rate
12.80% to 13.80%
7.
Line on credit Floating Rate
12.05%
8.
Loan Against rent receivable Floating Rate
11.05% to 12.05%
9.
CFHL Nishchint loan for pensioners Floating Rate
10.05%

Deposits

Fixed Deposits:

Period of deposits (In months)
Deposits upto Rs.1 cr
Bulk deposits >Rs.1 cr
General Public
Senior Citizen
12
7.50%
8.00%
7.60%
13-36
7.60%
8.10%
7.65%
37-60
7.60%
8.10%
7.65%

Cumulative Deposits:

Period of deposits (In months)
Deposits upto Rs.1 cr
Bulk deposits >Rs.1 cr
General Public
Senior Citizen
12
7.50%
8.00%
7.60%
13-36
7.60%
8.10%
7.65%
37-60
7.60%
8.10%
7.65%