US DOLLAR 1 Buying 106.60 Selling 107.20

GB POUND 1 Buying 131.85 Selling 133.52

SWISS FRANC 1 Buying 105.36 Selling 106.42

AUSTRALIAN DOLLAR 1 Buying 81.50 Selling 82.32

CANADIAN DOLLAR 1 Buying 81.09 Selling 81.91

SINGAPORE DOLLAR 1 Buying 75.56 Selling 76.33

HONGKONG DOLLAR 1 Buying 13.68 Selling 13.81

JAPANESE YEN 10 Buying 9.47 Selling 9.64

EURO 1 Buying 112.06 Selling 113.19

CHINESE RENMINBI 1 Buying 15.46 Selling 15.62

THAI BHAT 1 Buying 3.04 Selling 3.08

KOREAN WON 10 Buying 0.93 Selling 0.95

SAUDI RIYAL 1 Buying 28.30 Selling 28.59

QATARI RIYAL 1 Buying 29.15 Selling 29.44

As per 2017-02-26 | View All

Home Equity Loan

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
Purpose Outright Purchase.
Additions/Construction in existing house
Purchase of Vehicle.
Educational Purpose.
Business/ Overdraft.
Personal OD/TL
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