How Much Amount Is The Borrower Required To Contribute ?
A:
For new vehicles, borrower is required to contribute 10% in case of purchase of vehicles from Maruti, Tata Motors, Hyundai , Honda , Mahindra & Mahindra. Extreme & Force Motors Ltd., with whom Bank is having a tie up arrangement.
Q:
Who Is Eligible For A Housing Loan ?
A:
Individuals in the age group 18-70 years having regular income wishing to own residential properties in India are eligible to avail Housing Loan.
Q:
What Is The ROI At Present?
A:
At present under floating option Bank is financing at (MCLR 1 Year+0.05%) for Housing loans (presently 9.45%). Under fixed option ROI is fixed at rates higher by a fixed spread of 50 basis points with reset clause of five years. 0.50 % extra will be charged on H/L for 3rd House under CRE.