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Frequently Asked Questions

What is the maximum amount I can borrow for a home loan?

You can borrow up to 90% (upto 80% for original loan between Rs. 20-75 Lacs, & 75% for original loan above Rs. 75 Lacs) of the cost of the property in case of Home Loan Balance Transfer.

 However in case of Commercial Loans against Property or Loans against an existing property you can borrow up to 60% of the cost of the property. The Home Loan Balance Transfer Amount shall, however, be restricted to the Outstanding Balance of Loan with the existing financer.

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In how many years can I repay the home loan amount?

You can opt for a loan period of up to 20 years or outstanding tenure of the proposed loan to be taken over whichever is lower and can vary depending on your profile.

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Can I get the benefit of reduced interest rates in the intervening period or during the balance tenure of my loan?

In Floating rate loans, change in MCLR rate will have direct impact on the interest rate of Home Loan.

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Can I close my Home Loan? What are the Charges for prepaying my loan?



Prepayment / foreclosure is allowed on Home Loan without any charges.

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What is a floating rate Home Loan?

Floating rate of interest are the interest rate which changes with change in interest rates. If rate of interest increases by the lender, customer who has avail loan on floating rate of interest, their Rate of interest also increases hence customer repayment (EMI) also increases. 

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For loans: Credit at the sole discretion of the Bank and subject to guidelines issued by RBI from time to time. Bank may engage the services of marketing agents for the purpose of sourcing loan assets.

* Rs. 5,000 Flat processing fee applicable for women applicants.