All interest rates are linked to current Base Rate
1. HOME LOAN 2011 SCHEME (Introduced
w.e.f. 01.10.2011)
Home Loan - Variable Rate of Interest (For residents
and NRIs)- Interest Rate w.e.f 01.05.2012
| Sanctioned
Limits upto Rs. 30 lakhs |
| Period of Loan |
Interest
Rate |
| Up to 5 years |
BR
= 10.50 % |
| > 5
years up to 15 years |
BR+0.25
= 10.75 % |
| > 15
years |
BR+0.50
= 11.00 % |
| Sanctioned
Limits above Rs. 30 lakhs & upto Rs.
75 lakhs |
| Period of Loan |
Interest
Rate |
| Up to 5 years |
BR+0.25
= 10.75 % |
| > 5
years up to 15 years |
BR+0.50
= 11.00 % |
| > 15
years |
BR+0.75
= 11.25 % |
| Sanctioned
Limits above Rs. 75 lakhs |
| Period of Loan |
Interest
Rate |
| Up to 5 years |
BR+0.50
= 11.00 % |
| > 5
years up to 15 years |
BR+0.75
= 11.25 % |
| > 15
years |
BR+1.00
= 11.50 % |
2. Home Loan - Fixed
Rate of Interest
(For residents only) (with reset at the end
of every 5 years based on the then prevailing fixed interest rate)
| Sanctioned
Limits upto Rs. 30 lakhs |
| Period
of Loan |
Interest
Rate
|
| Up
to 5 years |
11.50
% |
| > 5years
up to 15 years |
11.75
% |
| > 15
years |
12.00
% |
| Sanctioned
Limits above Rs. 30 lakhs and upto Rs. 75
lakhs |
| Period
of Loan |
Interest
Rate
|
| Up
to 5 years |
11.75
% |
| > 5years
up to 15 years |
12.00
% |
| > 15
years |
12.25
% |
| Sanctioned
Limits above Rs. 75 lakhs and upto Rs.
200 lakhs |
| Period
of Loan |
Interest
Rate
|
| Up
to 5 years |
12.00
% |
| > 5years
up to 15 years |
12.25
% |
| > 15
years |
12.50
% |
> For Loans above Rs. 2 crore, only variable
ROI allowed
3. Plot Loan
(both resident and NRI)(variable
rate)
| Interest
Rate |
| 1%
above the applicable Home Loan (variable)
interest rates based on the amount and tenor
of loan |
**Construction to commence within 2 years from the
date of availing the loan / from the date of handing
over possession by the Government Housing Development
Agency, as the case may be, otherwise higher Rate
of Interest will be charged for the delayed period.
4. IB Home Improve (variable
rate)
Interest
Rate
(BR+Spread+TP) |
BR+1.25+0.50
= 12.25 % |
|
