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Topup Facility To Cent Home Loan Beneficiaries

Purpose :

  • All personal needs and not for speculative, real estate/capital market activities or any activity prohibited by law.

Eligibility :

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 have run for at least One/Two years after commencement of repayment (after moratorium)

Quantum of Loan : Minimum Rs.2 lakh & Maximum Rs.100 lakh

200% of the HL for Housing loan who have run for more than 2 Yrs after commencement of repayment OR Rs.100 Lakhs whichever is lower
125% of the HL for Housing loan who have run for more than 1 Yr after commencement of repayment OR Rs.100 Lakhs whichever is lower

Repayment:

  • Period cannot be more than the remaining period of under lying Housing loan as per original sanction

Facility: Term loan

Rate Of Interest : 9% to 9.70% depending on CIC score Concessional ROI for Takeover cases

Criteria in consideration of CIC Scores:

  • Minimum Credit Information Company (CIC) Score of the applicant is as under:
Name of CIC Minimum Threshold Limit
Transunion CIBIL 700
CRIF 650
EXPERIAN 700

Processing Charges: 0.50% of loan amount+GST(Completely waived till 31.03.2024)

Documentation Charges: Rs.450/+GST
API Integration Charges : Rs. 81+GST to be recovered for fresh proposal.