Housing Loans
Non Housing Loan
DepositsCurrent Rate of Interest on Loans
Housing Loan products
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Housing Loan Products |
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Sl. No. |
Product Name |
Floating Interest Rate |
Fixed Interest Rate |
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|
Salaried and Professional |
Self-Employed & Non-professional |
Salaried and Professional |
Self-Employed & Non-professional |
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|
1 |
Individual Housing Loan |
9.60% to 10.60% |
10.25% to 11.25% |
12.60% to 13.60% |
13.25% to 14.25% |
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|
2 |
Affordable Housing Loan |
9.60% to 10.60% |
10.25% to 11.25% |
12.60% to 13.60% |
13.25% to 14.25% |
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3 |
Composite Housing Loan |
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|
a. |
Sites situated in layouts developed by Govt. Dev. Agencies |
9.70% to 10.70% |
10.35% to 11.35% |
12.70% to 13.70% |
13.35% to 14.35% |
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|
b. |
Sites situated in approved Private layouts |
9.85% to 10.85% |
10.50% to 11.50% |
12.85% to 13.85% |
13.50% to 14.50% |
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4 |
Commercial Housing loan |
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a. |
Up to 4 units |
9.70% to 10.95% |
10.35% to 11.60% |
12.70% to 13.95% |
13.35% to 14.60% |
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|
b. |
Above 5 Units |
9.75% to 11.00% |
10.40% to 11.65% |
12.75% to 14.00% |
13.40% to 14.65% |
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|
5 |
IHL- Cash Salary |
10.60% to 11.85% |
13.60% to 14.85% |
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6 |
Special Urban Housing refinance Scheme (Direct) |
9.85% |
12.85% |
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|
7 |
Special Urban Housing refinance Scheme (Indirect) |
10.85% |
13.85% |
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*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
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Non-Housing Loan Products |
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Sl. No. |
Product Name |
Floating Interest Rate |
Fixed Interest Rate |
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|
Salaried and Professional |
Self-Employed & Non-professional |
Salaried and Professional |
Self-Employed & Non-professional |
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|
1 |
Site Loan |
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|
a. |
Sites situated in layouts developed by Govt. Dev. Agencies |
10.85% to 12.35% |
11.50% to 13.00% |
13.85% to 15.35% |
14.50% to 16.00% |
|
|
b. |
Sites situated in approved Private layouts |
11.10% to 12.60% |
11.75% to 13.25% |
14.10% to 15.60% |
14.75% to 16.25% |
|
|
2 |
Mortgage Loan |
10.85% to 11.85% |
11.50% to 12.50% |
13.85% to 14.85% |
14.50% to 15.50% |
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|
3 |
Builder Loan |
14.40% to 15.40% |
17.40% to 18.40% |
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|
4 |
Line of Credit |
13.65% |
16.65% |
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|
5 |
Loans against Rent Receivables |
10.60% to 11.10% |
13.60% to 14.10% |
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|
6 |
Loans for Commercial Properties |
11.10% to 12.10% |
11.75% to 12.75% |
14.10% to 15.10% |
14.75% to 15.75% |
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|
7 |
Personal Loan |
10.60% to 11.60% |
11.25% to 12.25% |
13.60% to 14.60% |
14.25% to 15.25% |
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|
8 |
Flexi LAP |
10.85% to 11.85% |
11.50% to 12.50% |
13.85% to 14.85% |
14.50% to 15.50% |
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|
9 |
CFHL Top-up Loan |
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 |
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|
10 |
Nishchint - Loan for Pensioners |
11.6% |
14.6% |
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|
11 |
I-Secure Loan |
10.10% to 11.10% |
10.75% to 11.75% |
13.10% to 14.10% |
13.75% to 14.75% |
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*Additional ROI of 0.50% above the card rate shall be charged for properties under all loan products where the Building plan/Khata/Patta or similar documents issued by gram panchayat/society.
*0.75% additional Rate of Interest for Self Employed & Non-Professional category borrowers where the loans sanctioned based on the self-assessed income (without ITR).
*0.50% additional Rate of Interest for Mortgage Loan and Flexi Lap products where the security offered is residential property having 3 & above units /commercial property
*0.25% bps additional Rate of Interest applicable where the purpose of loan is exclusively for Repair and renovation under loan product code 201, 225, 227,228, 240, 241 and 242.
Click here to view Annual Percentage Rate (Illustrative)
Internal Risk Rating Structure to Determine the Rate of interest:
Company has risk rating chart for various categories of loan products extended to S&P and SENP categories of the borrowers. The salient features of the risk rating chart are as under:
- It is used for the purpose of pricing the loans based on the risk profile of the customer and the product.
- It consists of two segments – “Customer profile” with allocated mark of 60 and “Project related parameters” with allocated mark of 40. The marks scored under both the segments are aggregated (100) for rating the borrower as S1, S2+, S2 and S3
- In the case of loan accounts having more than one applicant, the applicants whose income is considered for computing the eligible loan amount of the loan shall be taken into consideration for computing the scores for risk rating the borrower. If the income of 2 or more applicants is considered, then, the marks shall be allocated to each of the applicants as applicable (S & P and SE & NP) for the “customer profile” segment and the marks are to be aggregated and average score is to be arrived at by dividing the aggregate score with the number of applicants.
- The borrowers are categorized as S1, S2+, S2 and S3 on the basis of aggregate marks scored in both the segments i.e., customer profile and project related parameters, as under:
S1
81 and above
S2+
76 to 80 *
S2
76 to 80
S3
70 to 75
* CIBIL score equivalent to 651 or 4 and more
- Apart from risk rating the customers at the time of sanction, whenever, the customer approaches for availing the benefit of downward revision in rate of interest or during annual reset/quarterly reset of ROI, account is reviewed and re risk rated, based on their repayment history, track records, security coverage, etc., Additional 25 marks for perfection of security, cheque/ECS/NACH returns and repayment track record are to be allotted (Total marks – 125) and the categorization is as below:
S1
More than 100
S2+
96 to 100 *
S2
96 to 100
S3
91 to 95
* CIBIL score equivalent to 651 or 4 and more.
Deposits
Fixed Deposits:
|
Fixed Deposit Scheme |
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|
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 |
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|
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 |
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|
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 |
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|
12 |
6.50% |
7.00% |
5.00% |
4.50% |
|
13-35 |
6.75% |
7.25% |
5.50% |
5.00% |
|
36 |
8.00% |
8.25% |
5.50% |
5.00% |
|
37-48 |
6.75% |
7.25% |
5.50% |
5.00% |
|
48-60 |
6.75% |
7.25% |
5.50% |
5.00% |
