For repair and renovation of existing house property.
Purchase of furniture/Fixtures/furnishings/ other gadgets such as fan/ geysers/ air conditioners/ water filter/ air purifiers/ heaters /desert cooler, etc.
All individual who own in his/her name the house property having value minimum three times of the loan applied. The residual life of the House/Flat to be repaired must be more than the period of loan plus 10 years, report of bank’s approved architect/valuer must be obtained in this regard.
Minimum age of the applicant must be 21 years; however the minimum age of the co-applicant/s can be 18 years. Maximum age of 70years for salaried & 75 years for others
Rs.50.00Lakh
25% of cost of repair Of House property
No Personal Guarantee.
Repayment period of 15years.
As per banks' Service Charges Booklet
0.50% of loan amount (Minimum Rs.500/- & Max Rs.10000/-).
| Loan Amount | Applicable Charges |
| Up to Rs.25000/- | Nil |
| Above Rs.25000/- to Rs.2.00 Lakh | Rs.500/- |
| Above Rs.2.00 Lakh to Rs.5.00 Lakh | Rs.1000/- |
| Above Rs.5.00 Lakh to Rs.25.00 Lakh | Rs.4000/- |
| Above Rs.25 Lakh to Rs.50.00 Lakh | Rs.6000/- |
| Above Rs.50.00 Lakh to Rs.2.00 Crore | Rs.8000/- |
| Above Rs.2.00 Crores | Rs.10000/- |
NAINI HOME IMPROVEMENT (Floating Rate of Interest) |
|
|---|---|
| Spread over NRLLR (In %) | |
| If Credit Insurance Taken IN Housing Loan | 1.00 |
| If Credit Insurance not Taken IN Housing Loan | 1.05 |
NAINI HOME IMPROVEMENT (Fixed Rate of Interest) |
|
| If Credit Insurance Taken IN Housing Loan | 3.00 |
| If Credit Insurance not Taken IN Housing Loan | 3.05 |
FINANCING AGAINST IMMOVABLE PROPERTY (LAP) : Floating Rate of Interest |
||
|---|---|---|
| Spread over NRLLR (In %) | Spread over NRLLR (In %) | |
For Individual Borrower/Non Individual Borrower |
||
| Overdraft | Term Loan | |
| CIBIL Score 850 or Above / CMR-1 | 1.60 | 1.75 |
| CIBIL Score 750 to 849 / CMR-2 & 3 | 1.75 | 2.00 |
| CIBIL Score 700 to 749 / CMR-4 & 5 and unrated | 2.25 | 2.50 |
| CIBIL Score 650 to 700 / CMR-6 & 7 | 2.75 | 2.75 |
| CIBIL Score below 650* / CMR below 7* | 3.00 | 3.00 |
| Note: No fresh proposal or enhancement to be undertaken under CMR ratings CMR-8 to 10 or below 650 CIBIL score. | ||
FINANCING AGAINST IMMOVABLE PROPERTY (LAP) : Fixed Rate of Interest |
||
|---|---|---|
| Spread over NRLLR (In %) | Spread over NRLLR (In %) | |
For Individual Borrower/Non Individual Borrower |
||
| Overdraft | Term Loan | |
| CIBIL Score 850 or Above / CMR-1 | NA | 3.75 |
| CIBIL Score 750 to 849 / CMR-2 & 3 | NA | 4.00 |
| CIBIL Score 700 to 749 / CMR-4 & 5 and unrated | NA | 4.50 |
| CIBIL Score 650 to 700 / CMR-6 & 7 | NA | 4.75 |
| CIBIL Score below 650* / CMR below 7* | NA | 5.00 |
| Note: No fresh proposal or enhancement to be undertaken under CMR ratings CMR-8 to 10 or below 650 CIBIL score. | ||
