EBL 23 years of Banking

US DOLLAR 1 Buying 108.60 Selling 109.20

GB POUND 1 Buying 143.42 Selling 145.24

SWISS FRANC 1 Buying 108.49 Selling 109.58

AUSTRALIAN DOLLAR 1 Buying 81.55 Selling 82.37

CANADIAN DOLLAR 1 Buying 82.01 Selling 82.83

SINGAPORE DOLLAR 1 Buying 80.00 Selling 80.81

HONGKONG DOLLAR 1 Buying 13.77 Selling 13.91

JAPANESE YEN 10 Buying 9.71 Selling 9.89

EURO 1 Buying 125.16 Selling 126.42

CHINESE RENMINBI 1 Buying 16.79 Selling 16.96

THAI BHAT 1 Buying 3.31 Selling 3.34

KOREAN WON 10 Buying 0.97 Selling 0.99

SAUDI RIYAL 1 Buying 28.83 Selling 29.12

QATARI RIYAL 1 Buying 29.70 Selling 30.00

As per 2018-06-18 | 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