Interest Rates For Loan Against Property 2017-04-07T11:55:44+00:00

Bank Name
Floating Interest rate
Processing Fee Prepayment Charges
State Bank Of India 11% 0.50% of loan amount with a cap of Rs.10,000 + service tax N.A
ICICI Bank Scheme I :10.50% (Fixed For 1 yr), Scheme II : 10.75% (Fixed For 2yrs), then 10.50% (Upto 25Lacs)
Scheme I :11% (Fixed For 1 yr), Scheme II : 11.25% (Fixed For 2yrs), then 11%
0.50% of loan amount upto 1 crore Rs.10,000/- above 1 crore If Full Payment – 2% of outstanding amount If Part Payment – No Penalty
HDFC Ltd 10.75% 0.5% plus applicable service tax and cess If 25% of outstanding amount is paid within 3 years – No Penalty , otherwise 2% of outstanding amount
LIC Housing 10.65% 0.5 % -1% 2% of out standing Payment
AXIS Bank 10.75% (Upto 25Lacs),Then 11% 1% of the loan amount + applicable taxes NIL
IDBI 11% (Upto 25Lacs), Then 11.50% – 11.75% Up to 1%of loan amount
(Rs 2500 to be collected at login and balance at the time of sanction )
If Balance Transfer then 2% Otherwise Nil
ING Vysya 10.75% 5000 + 10.30% (service tax) (Upto 20Lacs)
5000 + 10.30% (service tax) (Above 20Lacs)
2%
Standard Chartered 10.75% – 11.25% 0.5% 2.5%
DHFL 11.50% 0.5% – 1%(basis on profile) If 25% of outstanding amount is paid every year -No Penalty , otherwise 2% of outstanding amount
Citibank 10.50% 0.5%+Service tax 2%
Deutsche Bank 10.50% – 11% 10000 + Service Tax up to 90% no charges after that 2.5%
India Bulls 10.75% upto 30lacs – 2,500 + 10.30% (service tax)
above 30lacs to 1.5Cr – 5,000 + 10.30%(service tax)
Above 1.5Cr – 10,000 + 10.30%(service tax)
2%-3%
Allahabad Bank 12.75% 0.50% of loan amount, Maximum Rs. 10,000/- N.A
Bank of Maharastra 11% N.A N.A
Central Bank of India 12% 0.50 % of loan amount, maximum Rs.20,000 N.A
Corporation Bank 11.35% (Upto 25Lacs), then 11.60% Upto Rs.5 lakhs
0.50% of loan subject to min. Rs.1,000/- & max. Rs.2,500/-
Above Rs.5 lakhs & upto Rs.15 lakhs
0.50% of loan subject to min. Rs.2,500/- & max. Rs.7,500/-
Above Rs.15 lakhs & upto Rs.20 lakhs
0.50% of loan subject to min. Rs.7,500/- & max. Rs.10,000/-
Above Rs.20 lakhs
0.50% of loan subject to min. Rs.10,000/- & max. Rs.50,000/-
N.A
Bank of India 10.25% (Upto 25 Lacs), Then 11% For loans upto Rs.30 lacs One time @ 0.55% of loan amount min. Rs. 3000/- and max. Rs.10000/-
For Loan over Rs.30 Lacs upto Rs.50 lacs – One time flat Rs.15,000/-
For Loan over Rs.50 Lacs upto Rs.1.00 crore – One time flat Rs.20,000/-
2.25% of outstanding loan amount.
Union Bank of India 11.25% 0.25% of loan amount subject to a maximum of Rs.15000/- plus service tax as applicable N.A
United Bank of India 11.75% 0.50% of the loan amount N.A
UCO Bank 12.25% – 12.75% N.A
Bank of Baroda 11.75% N.A N.A
Canara Bank 11.75%
Oriental Bank of Commerce 11% Nil for fresh Loans upto Rs.20.00 lac,
For Loans above Rs.20.00 lacs 0.50% of the loan amount subject to a maximum of Rs.12,500/-
N.A
Kotak Bank 11.25%( for Salaried), 11.50%( for Self Employed) 0.25% – 0.5% 2% of Principal Outstanding + 2% on amount prepaid in last 12 months
Dena Bank 11.75% – 12.25% N.A N.A
Punjab National Bank 11.75%
First Blue Home Finance 10.75% (for Salaried / SEP), 11.25% (For Self Employed) (Upto 25Lacs), Then 11% (for Salaried / SEP), 11.50% (For Self Employed) 0.5% Nil
Vijaya Bank 12.25% N.A N.A
Syndicate Bank 11% (Upto 25 Lacs), Then 12.50% N.A N.A
Indian Overseas Bank 11.25% N.A N.A
Barclays Bank 11% – 11.25% 0.25%( for salaried ) , 0.50%( for Self employed) 3%
Reliance 11%
Federal Bank 10.78% 0.50%
HSBC Bank 10% – 13% 1% of the loan amount applied for, subject to a minimum of Rs 10000 plus service tax. This fee is payable on application and is not refundable 25%of the original loan amount free for every financial year
PNB Housing Finance 10.25% 0.5% 2%
State Bank of Travancore 10.50% Nil 2% of the outstanding loan amount
Dhanalakshmi Bank 12% 0.50% 25% of outstanding loan amount is paid every financial year without charges.
Indian Bank 12% 1) 0.25 % on Loan amount (Non refundable) (to be remitted at the time of submission of application)
2) 0.32 % on Loan amount (at the time of acceptance of sanction)
1) No pre-closure charges, if loan is closed out of own funds.
2) 2% on Balance outstanding or applicable Drawing Limit whichever is higher, if loan is closed by way of take over by another Bank / Financial Institution.

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