Age limit for salaried: 23 to 62 yrs
Age limit for self-employed: 25 to 70 yrs
Min Credit Score: 750
Minimum Salary: Rs. 25,000 p.m
Work Exp for salaried: Min 3 yrs
Business continuity: Min 5 yrs
Form 16/ latest salary slips
Bank account statements of the last 6 months
Proof of business continuity (for business person, self-employed)
Individual: Floating rate >1 month - NIl
Non-Individual: Floating rate >1 month - 4% + applicable taxes
All borrowers: Fixed rate >1 month - 4% + applicable taxes
For Term Loan, charges are calculated on the outstanding principal.
For Flexi Interest-only Loan, charges are calculated on the sanctioned limit.
For Flexi Term Loan, charges are calculated on the current dropline limit.
Loan statement charges-Rs. 50
Interest and principal statement charges-NIL
EMI bounce charges-Rs. 3,000
Penal Interest-2% per month + taxes applicable taxes
Secure fee-Rs. 9999 (One time)
Mortgage origination fee-Rs.1,999 (non-refundable)
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