Home Loans India

Revision of rate of interest on loans w.e.f. 08.06.2022

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

9.25%  to 10.75%

9.75% to 11.25%
2.
Affordable Housing Loan Floating Rate*

9.25%  to 10.75%

9.75 % to 11.25%
3.
Composite Housing Loan
 
a) Sites situated in layouts developed by Govt. Dev. Agencies Floating Rate

9.35 % to 10.85%

9.85% to 11.35%
b) Sites situated in approved private layouts. Floating Rate

9.50% to 11.00%

10.00% to 11.50%
4.
Commercial Housing loan
 
a) Up to 4 units Floating Rate

9.35% to 11.10%

9.85% to 11.60%

b) Above 5 Units Floating Rate

9.40% to 11.15%

9.90% to 11.65%

5.
IHL- Cash Salary Floating Rate
10.25% to 11.50%
6.
special Urban Housing refinance Scheme (Direct) Floating Rate
9.50%
7.
Special Urban Housing Refinance Scheme (Indirect) Floating Rate
10.50%

*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

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

10.50% to 12.00%

11.00% to 12.50%
b) Sites situated in approved private layouts. Floating Rate

10.75% to 12.25%

11.25% to 12.75%
2.
Mortgage Loan Floating Rate

10.50% to 11.50%

11.00% to 12.00%
3.
Builder Loan Floating Rate
14.05% to 15.05%
4.
Line of credit Floating Rate
13.30%
5.
Loan Against rent receivable Floating Rate
10.25% to 10.75%
6.
Loans for commercial properties Floating Rate

10.75% to 11.75%

11.25% to 12.25%
7.
Personal Loans Floating Rate

10.25% to 11.25%

10.75% to 11.75%
8.
Flexi LAP Floating Rate

10.50% to 11.50%

11.00% to 12.00%
9.
CFHL Top-up Loan Floating Rate
Applicable Individual Housing Loan/Commercial Housing Loan/Composite Housing Loan Plus 1% - Floating
10.
Nishchint - Loan for Pensioners Floating Rate
11.25%
11.
I-Secure Loan Floating Rate

9.75% to 10.75%

10.25% to 11.25%

Deposits

Fixed Deposits:

Period of deposits (In months)
Deposits upto Rs.1 cr
Bulk deposits >Rs.1 cr
General Public
Senior Citizen
12
6.00%
6.50%
4.50%
13-36
6.25%
6.75%
5.00%
37-48
6.25%
6.75%
5.00%
48-60
6.25%
6.75%
5.00%

Cumulative Deposits:

Period of deposits (In months)
Deposits upto Rs.1 cr
Bulk deposits >Rs.1 cr
General Public
Senior Citizen
12
6.00%
6.50%
4.50%
13-36
6.25%
6.75%
5.00%
37-48
6.25%
6.75%
5.00%
48-60
6.25%
6.75%
5.00%