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%
|