22 years of EBL

US DOLLAR 1 Buying 102.50 Selling 103.10

GB POUND 1 Buying 131.36 Selling 133.02

SWISS FRANC 1 Buying 102.67 Selling 103.70

AUSTRALIAN DOLLAR 1 Buying 76.38 Selling 77.15

CANADIAN DOLLAR 1 Buying 74.83 Selling 75.59

SINGAPORE DOLLAR 1 Buying 73.12 Selling 73.86

HONGKONG DOLLAR 1 Buying 13.12 Selling 13.25

JAPANESE YEN 10 Buying 9.20 Selling 9.36

EURO 1 Buying 110.82 Selling 111.94

CHINESE RENMINBI 1 Buying 14.81 Selling 14.96

THAI BHAT 1 Buying 2.95 Selling 2.98

KOREAN WON 10 Buying 0.89 Selling 0.91

SAUDI RIYAL 1 Buying 27.22 Selling 27.50

QATARI RIYAL 1 Buying 28.03 Selling 28.31

As per 2017-04-28 | 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