|Purpose||:||Loan against Mortgage of Residential House / Flat.
i) Children´s Education / Marriage
ii) Children´s Education / Marriage
iii) Purchase of another Property.
iv) Business Expansion.
|Loan Amount||:||Min Rs.2,00,000/-|
|Loan Term||:||Maximum 15 years|
|Disbursement Of Loan||:||Equated Monthly Installments (EMI) - Monthly Rest Basis.|
|Security||:||1. Equitable / Registered Mortgage of Residential Property - Age of property not more than 35 years.
2. Demand Promissory Note.
|Upfront Fees||:||1.00% of Loan Amount + Service Tax, as applicable.|
|This scheme is applicable to Resident Indians only.|
Interest Rates at 11.60% for 15 years. Lowest EMI Rs. 1 per Lakh
|Interest Rate||11.6% Floating|
|Lowest EMI||Rs. 1,175 per lakh|
|Tenure||Max 15 years|
|Prepayment, Foreclosure Charges||Individual Borrowers: Prepayment allowed with nil charges for floating rate loans.
Others: Prepayment charges, restrictions may apply