US DOLLAR 1 Buying 106.60 Selling 107.20
GB POUND 1 Buying 131.69 Selling 133.36
SWISS FRANC 1 Buying 105.12 Selling 106.18
AUSTRALIAN DOLLAR 1 Buying 81.68 Selling 82.50
CANADIAN DOLLAR 1 Buying 80.77 Selling 81.59
SINGAPORE DOLLAR 1 Buying 75.03 Selling 75.79
HONGKONG DOLLAR 1 Buying 13.68 Selling 13.81
JAPANESE YEN 10 Buying 9.39 Selling 9.55
EURO 1 Buying 112.00 Selling 113.13
CHINESE RENMINBI 1 Buying 15.43 Selling 15.59
THAI BHAT 1 Buying 3.03 Selling 3.06
KOREAN WON 10 Buying 0.92 Selling 0.94
SAUDI RIYAL 1 Buying 28.30 Selling 28.59
QATARI RIYAL 1 Buying 29.15 Selling 29.44
|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