Product Features

Tenure
Up to 20 Years
Repayment
Equated Monthly Instalments (EMI) through Automated Clearing House (ACH).
Tax benefits
Tax deduction, subject to a maximum limit of ₨ 2 Lakhs for interest payments, and up to ₨ 1.5 Lakhs for principal repayment. Tax benefit can be shared between co-borrowers, subject to certain conditions.
Interest Rate | RPLR | 18.50% |
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Interest Rate | Discount to RPLR | |
Interest Rate Range | Up to 21% | 6.5% - 3.5% |
Processing Fee | ||
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Mortgage Origination Fee | ₨ 5,000 plus applicable taxes and/or other statutory levies. This is a one time non-refundable fee, and is collected for the purpose of appraising the application for the Loan, and is independent of the outcome/result of such appraisal. This amount is payable at the time of submitting the application form. | |
Processing Fee | Up to 3% of Loan Amount plus applicable taxes and/or other statutory levies. |