US DOLLAR 1 Buying 108.60 Selling 109.20
GB POUND 1 Buying 133.21 Selling 134.90
SWISS FRANC 1 Buying 107.68 Selling 108.77
AUSTRALIAN DOLLAR 1 Buying 82.03 Selling 82.86
CANADIAN DOLLAR 1 Buying 81.30 Selling 82.12
SINGAPORE DOLLAR 1 Buying 75.89 Selling 76.66
HONGKONG DOLLAR 1 Buying 13.94 Selling 14.08
JAPANESE YEN 10 Buying 9.44 Selling 9.61
EURO 1 Buying 115.49 Selling 116.66
CHINESE RENMINBI 1 Buying 15.74 Selling 15.90
THAI BHAT 1 Buying 3.06 Selling 3.09
KOREAN WON 10 Buying 0.91 Selling 0.93
SAUDI RIYAL 1 Buying 28.83 Selling 29.12
QATARI RIYAL 1 Buying 29.70 Selling 30.00
|Eligibility||Existing housing loan borrowers having satisfactory repayment.
The gross monthly income (Self employed/Business/Salaried & Other income) of the borrower along with that of the spouse/other family members should be at least double of monthly installment of the existing Housing loan & Home Equity loan
Age of the borrower not to exceed 57 years, and repayment period not to exceed 65 years
Additions/Construction in existing house
Purchase of Vehicle.
|Amount of Loan||- 90% of the home equity value (reassessed value of property less required margin of 25% less present outstanding of HL) or required amount of loan whichever is lower.|
|Margin||- 10% on the home equity value|
|Repayment||Outright purchase / additions /construction over existing building: 8 yrs (EMI basis)
Purchase of vehicle : 5 years (EMI basis)
Educational purpose : 4 years on EMI basis after one year of the completion of the study or one month after getting job whichever is earlier.
Business/Personal OD : Renewal on yearly basis for 3 years (On Satisfactory Performance)
The HEL will be amortized at the end of third year. The outstanding amount will be re-paid in monthly/quarterly installment within 5 years
|Rate of Interest||- Competitive rate|
|Moratorium Peroid||Outright purchase : Max 3 months
Addition /Construction : Max. 12 months
Purchase of vehicle : Nil
Educational : Duration of the course plus 1 year or 1 month after joining/getting job whichever is earlier.
|Security||-Existing collateral securities of Housing loan to be extended.
-Vehicle to be registered in Bank's name in case of vehicle purchase