Mortgage Loan (LAP)

Facility: Credit Rating concession for Rated Borrowers.
Re-payment term: Up to 10 years.
Pre-Payment Charges: 2% of outstanding loan amount at the time of closure (If taken over). Lowest in the industry

Clear loan agreements and documentation help you to understand the terms, conditions, and obligations associated with the loan.

Collateral Property: You must have the collateral property in India.
Steady Income: You need a steady income from a job or business.
Property Documents: You must secure the complete and legal documents.
Other Factors: Lenders also consider credit score, property value, occupation and repayment.

Personal Mortgage Term Loan and OD (Drop line): 10.00%P.A.
Mortgage Term Loan and OD for Business/Commercial Purpose: 10.00% P.A. (Floating)
Credit rating Concession for rated borrows:
- For AAA Rating 1.25% Concession with 08.75% P.A. Effective Rate of Interest.
- For AA Rating 1.00% Concession with 09.00% P.A. Effective Rate of Interest.
- For A Rating 0.50% Concession with 09.50% P.A. Effective Rate of Interest.
- Below A :10.00% P.A.
- Non-Rated: 09.50%P.A. (Loans up to Rs.40 Lakh).