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Purpose |
All personal needs and not for speculative, real estate/capital market activities or any activity prohibited by law. |
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Eligibility
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Individuals, singly or jointly who have HL accounts with us, including staff members. NRI jointly with relative/s as defined in loan policy. The Relative should be Resident Citizen of India. Housing loan should have run for at least One/Two years after commencement of repayment (i.e. after moratorium) |
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Quantum of Loan |
Minimum Rs.2 lakh & Maximum Rs.100 lakh |
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Extension of Equitable Mortgage/ charge over the Primary security |
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Repayment |
Period cannot be more than the remaining period of under lying Housing loan as per original sanction |
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Facility |
Term loan |
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Rate of Interest |
RBLR (Repo Rate+ Spread) + CRP (Credit Risk Premium) ranging from 8.75% to 9.45% depending on CIC score |
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Processing Charges |
Waived up to 31.03.2025 |
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Documentation Charges |
Rs.450/+GST |
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Min. CIC Score |
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