Product - Personal Loan to Existing Housing Loan Borrowers
To meet the personal needs like expenditure on education, marriage, health care, renovation / furnishing of the house etc., other than speculation purpose.
All existing home loan customers with a satisfactory repayment record for the last one year.
Minimum Rs. 50,000/- maximum Rs. 10.00 lakhs.
Permissible loan amount:
75% of present market value of the property less present outstanding in the house loan account.
0.25% of loan amount with a minimum of Rs. 1000/-
Rate of interest:
2% above interest rate charged on existing housing loan.