| Interest Rate |
|
| First three years |
8.50% fixed across all repayment tenors
|
| After three years |
Floating option
For Repayment tenor
|
| Upto 10 years |
Above 10 years |
| 2.5% below BPLR |
2.0% below BPLR |
| Plus 0.50% Term Premia |
Fixed option |
| To be decided by the Bank. This is however
subejct to reset clause of three years. First reset
clause will be on 01.01.2013 |
| Margin |
For loan upto Rs. 20 lacs – 15%
For loan above Rs. 20 lacs – 25%
|
| Processing (upfront fee) fee & Documentation
charges |
NIL |
| Take-over |
Permitted |
| Change of option (fixed interest to floating interest
rate) |
Also permitted after three years |
| Other Terms and Conditions |
As per Bank’s regular Housing
Finance Scheme |
