Loans to nris against property

 

loans to nris against property

QUICK LOAN FACILITY AGAINST DEPOSITS
Loan against deposit is available after 3 months from the date of deposit upto 75% of the deposit amount, subject to the terms and conditions framed by HDFC. Interest on such loans will be 2% above the deposit rate. This facility is not available for deposits from minors and NRIs. The loan amount can be repaid either in part or in full at any time, before maturity date. In case loan is not repaid, the outstanding loan amount along with accumulated interest (including tax/levy, if any) would be recovered from the deposit amount on the maturity date or on premature withdrawal.

Loans to nris against property

Processing charges :Rs.150/- Serv. Tax
Collection cum Service Charge: 1% of loan amount or Rs.150 whichever is lower.

In all cases interest slab will shift back to original rate at which the loan was availed if interest is paid up to date along with additional charges if any from the date of clearance of default.

HOME IMPROVEMENT LOAN
This loan is given for undertaking repairs, renovations and/or upgradation to your home.

QUICK LOAN FACILITY AGAINST DEPOSITS
Loan against deposit is available after 3 months from the date of deposit upto 75% of the deposit amount, subject to the terms and conditions framed by HDFC. Interest on such loans will be 2% above the deposit rate. This facility is not available for deposits from minors and NRIs. The loan amount can be repaid either in part or in full at any time, before maturity date. In case loan is not repaid, the outstanding loan amount along with accumulated interest (including tax/levy, if any) would be recovered from the deposit amount on the maturity date or on premature withdrawal.

i.      Where deduction of installment from salary at source is available or salary disbursed through our branches:-
One Year   MCLR + 4.75%   presently with monthly rests.
 ii.      In all other cases:-

The rate of interest will be at fixed rate subject to minimum of bank’s One Year MCLR with reset clause every five years

9. PSB HOUSING LOAN TOP UP SCHEME .

Rate of Interest would be 100 basis points over and above the ROI charged on the existing housing loan.