US DOLLAR 1 Buying 103.75 Selling 104.35
GB POUND 1 Buying 129.50 Selling 131.14
SWISS FRANC 1 Buying 104.87 Selling 105.93
AUSTRALIAN DOLLAR 1 Buying 78.82 Selling 79.62
CANADIAN DOLLAR 1 Buying 77.21 Selling 77.99
SINGAPORE DOLLAR 1 Buying 74.12 Selling 74.87
HONGKONG DOLLAR 1 Buying 13.30 Selling 13.43
JAPANESE YEN 10 Buying 9.34 Selling 9.50
EURO 1 Buying 112.09 Selling 113.22
CHINESE RENMINBI 1 Buying 15.01 Selling 15.17
THAI BHAT 1 Buying 3.00 Selling 3.03
KOREAN WON 10 Buying 0.92 Selling 0.94
SAUDI RIYAL 1 Buying 27.55 Selling 27.83
QATARI RIYAL 1 Buying 28.37 Selling 28.66
|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