|Rate of Interest
||12.75% with monthly rest on Fixed Rate basis
|Prepayment penalty/ Documentation & Inspection Charges
||0.50% of total Loan amount or half of the first monthly annuity payable to borrower, whichever is less, subject to maximum of ₹ 12,500/- only
- The legal fee/ charges stamp duty, registration charges, valuation charges, document stamp charges, & insurance premium of property etc shall be borne by the borrower(s).
- In the eventuality of non-payment of above said expenses, bank will recover these expenses on prorata basis on the monthly annuity payable to borrower(s) within a period of upto 24 months.
|Loan period/ nature of payment
- The tenor of the loan shall be upto 20 years or survival of any of the spouse whichever is earlier, thereafter periodic annuity payment will not be made.
- The loan shall be extended as regular monthly annuity payments during the loan period