Home Loans

• Individual Borrower
  Floating Rate Loans
  • No prepayment fees shall be payable.
  Fixed n Floating (Dual Rate) Loans
  • No prepayment fees shall be payable once the loan has been converted into Floating Interest rate post the expiry of the Fixed Interest Rate period
  • Any prepayment during the Fixed Interest Rate period of the loan will attract prepayment fees of 5%.
  
  
• Non-Individual Borrower
  Floating Rate Loans and Fixed & Floating Rate Loans
  • Prepayment / Foreclosure fees shall be applicable on all pre-payments.
  • Prepayment / Foreclosure fees of 5% on the amount prepaid in the initial 3 years from the date of first disbursement and 3% thereafter applicable; unless specifically mentioned in the borrowers loan agreement.

MSME Loans / Loan Against Property / Commercial property Purchase

• Individual Borrowers
  Floating Rate Loans
  • Nil prepayment / foreclosure fees applicable except where loan is availed for purpose of business
  Fixed and Floating Loans
  
  • No prepayment fees shall be payable for pre-payments once the loan has been converted into Floating Interest loan post the expiry of the Fixed Interest Rate period except where loan is availed for purpose of business
  • Any pre-payment during the Fixed Interest Rate period of the loan will attract prepayment fees
  
  

Pre-payment / Foreclosure fees of 5% on the amount prepaid in the initial 3 years from the date of first disbursement and 3% thereafter applicable; unless specifically mentioned in the borrowers loan agreement.

• Non-Individual Borrower
  Floating Rate Loans and Fixed & Floating Rate Loans
  • Prepayment / Foreclosure fees shall be applicable on all pre-payments.
  • Pre-payment / Foreclosure fees of 5% on the amount prepaid in the initial 3 years from the date of first disbursement and 3% thereafter applicable; unless specifically mentioned in the borrowers’ loan agreement.

• There is no lock-in period for prepayment
• GST as applicable on pre-payment / foreclosure fees.