09:30 am to 05:30 pm
Monday to Friday
022 - 67499759 
Purpose of Loans
- Loans provided for expanding your home. Home extensions can be in the form of an additional bedroom, a reading room, a study room, etc.
- If your loan does not meet these criteria, please click here to explore our other product categories
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% |
|---|---|---|
| Interest Rate | Discount to RPLR | |
| Interest Rate Range | 12% - 15% | 6.5% - 3.5% |
| Processing Fee | ||
|---|---|---|
| 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 2% of Loan Amount plus applicable taxes and/or other statutory levies. | |