Home Loan Interest rate and charges

Type of fee

Applicable charges

Rate of interest

Salaried

Self-employed

Doctors

7.45%* to 18%* p.a.

7.85%* to 18.00%* p.a.

7.55%* to 18%* p.a.

Processing fees

Up to 4% of the loan amount + GST as applicable

Bounce charges

For loan amounts up to Rs. 15 lakhs: Rs. 500

For loan amounts from Rs. 15,00,001 to Rs. 30,00,000: Rs. 500

For loan amounts from Rs. 30,00,001 to Rs. 50,00,000: Rs. 1,000

For loan amounts from Rs. 50,00,001 to Rs. 1,00,00,000: Rs. 1,000

For loan amounts from Rs. 1,00,00,001 to Rs. 5,00,00,000: Rs. 3,000

For loan amounts from Rs. 5,00,00,001 to Rs. 10,00,00,000: Rs. 3,000

For loan amounts more than Rs. 10 crores: Rs. 10,000

Penal charge

Click here to know about the penal charges.

Part-prepayment charges

(1) For individual and non-individual borrowers with floating interest rate loans for non-business purposes:

• For Term Loan – Nil
• For Flexi Term Loan – Nil

(2) For individual and non-individual borrowers with floating interest rate loans for business purposes and all borrowers with fixed interest rate** loans:

• For Term Loan – 2% on the part-prepayment amount.
• Flexi Term Loan – Nil

*GST as applicable will be payable by the borrower in addition to the prepayment charges, if any.

**Nil for home loans closed by borrowers out of their own sources. Own sources refer to any source, other than borrowing from a bank/NBFC/HFC and/or a financial institution.

Note: In the case of dual-rate home loans (fixed for the initial period and then floating), the foreclosure/part-prepayment charges will be applicable as per the status of the loan as on the foreclosure/part-prepayment date.

Foreclosure Charges

(1) For individual and non-individual borrowers with floating interest rate loans for non-business purposes:

• For Term Loan – Nil
• For Flexi Term Loan – Nil

(2) For individual and non-individual borrowers with floating interest rate loans for business purposes and all borrowers with fixed interest rate** loans:

• For Term Loan – 4%* on principal outstanding
• For Flexi Term Loan – 4%* on the sanctioned amount during the Flexi interest only loan repayment tenure; and 4%* on the available Flexi loan limit during the Flexi Term Loan tenure

*GST as applicable will be payable by the borrower in addition to the prepayment charges, if any.

**Nil for home loans closed by borrowers out of their own sources. Own sources refer to any source, other than borrowing from a bank/NBFC/HFC and/or a financial institution.

Note: In the case of dual-rate home loans (fixed for the initial period and then floating), the foreclosure/part-prepayment charges will be applicable as per the status of the loan as on the foreclosure/part-prepayment date.