The maximum period of a loan shall be upto 20 years
under the Fixed Rate Home Loan product.
For Salaried & Self Employed Professionals
Up to 0.50% of the loan amount or Rs.2,000 whichever is higher, plus applicable taxes
For Self Employed Non-Professionals
Up to 1.50% of the loan amount or Rs.3,000 whichever is higher, plus applicable taxes
Security for the loan is a first mortgage of the property to be financed, normally
by way of deposit of title deeds and/or such other collateral security as may be
necessary. Interim security may be required, if the property is under construction.