|
Banks |
LAP Interest Rate |
| Interest Rate |
Loan Amount |
Tenure |
Processing Fee |
Prepayment Charge |
Other Charges |
Allaha
bad Bank |
14.5 |
min Rs 1 lakhs, max Rs 150 lakhs |
1 - 7 years |
upto Rs 25 lakh- 1% of loan amt min Rs 2500, above Rs 25 lakh- Rs 150 lakh- 0.50% of loan amt min Rs 25000 |
2% of the outstand
ing balance if prepaid within 1 yr, 1% only in case of takeover |
NA |
| Bank of Baroda |
13.25 |
min Rs 1 lakhs, max Rs 100 lakhs |
1 - 7 years |
1.00% of loan amount or min- Rs 1000, max- Rs 15000 |
2.5% of the outstand
ing amount |
Charge for late payment of EMI- 2% on overdue amount |
| Bank of India |
13 - 13.25 |
min Rs 1 lakhs, max Rs 50 lakhs |
1 - 8 years |
1% of loan amount min Rs 1500 max Rs 30000 |
NA |
Document
ation charges- on actuals |
| Canara Bank |
15 - 15.5 |
NA |
1 - 5 years |
0.5% of loan amt |
2% in case of takeover |
Charge for changing from fixed to floating rate of interest
- 0.50%, Charge for changing from floating to fixed rate of interest
- 0.50% |
Centra
l Bank of India |
13.75 |
min Rs 1 lakhs, max Rs 50 lakhs |
1 - 6 years |
0.5% of loan amt |
1% in case of takeover |
Charges for late payment of EMI- 2% |
| Dena Bank |
14 |
min Rs 2 lakhs, max Rs 100 lakhs |
1 - 10 years |
1% of the sanction
ed limit |
0.5% of sanction
ed amt in case of take over |
Charge for late payment of EMI- Rs 2%, Charge for changing from fixed to floating
- Rs 1% of outstand
ing amt Cha
rge for changing from floating to fixed- 1% of outstand
ing amt |
Federa
l Bank |
16.5 - 16.75 |
min Rs 2 lakhs, max Rs 150 lakhs |
1 - 5 years |
1% of loan amount |
2% of outstand
ing amount |
N.A |
| HDFC Bank |
13.5 - 14.5 |
min Rs 1 lakhs, max Rs 20 lakhs |
1 - 20 years |
2% |
4% on the principa
l outstand
ing |
Charges for late payment of EMI- 2% p.m. on overdue amt, Charge for changing from fixed to floating rate of interest
- 0.25% of loan amt, Charge for changing from floating to fixed rate of interest
- 1.5% of loan amt, Duplicat
e no due certific
ate- Rs 250, Cheque swapping charge- Rs 500, Cheque bounce charge- Rs 450, Statemen
t charge- Rs 500, Duplicat
e repaymen
t schedule
- Rs 500 |
| ICICI Bank |
13.5 - 14.5 |
max Rs 300 lakhs |
max 15 years |
1% of loan amount or Rs 2000 (whichev
er is higher) |
2% on the principa
l outstand
ing |
Charges for late payment of EMI- 2% p.m., Charge for changing from fixed to floating rate of interest
- 1.75% on outstand
ing, Charge for changing from floating to fixed rate of interest
- 1.75% on outstand
ing, Cheque swapping charge- Rs 500, Cheque bounce charge- Rs 200, Document retrival
- Rs 500 |
| IDBI Bank |
13.75 |
min Rs 1 lakhs, max Rs 200 lakhs |
1 - 10 years |
0.50% of the loan amt |
2% |
Upfront fee- 1% |
LIC Housin
g Financ
e |
12.75 |
min Rs 2 lakhs, max Rs 150 lakhs |
1 - 15 years |
1% of loan amount |
2% of outstand
ing amount |
Charges for changing from fixed to floating
- Rs 1000 Ch
arges for changing from floating to fixed- Rs 1000 |
Punjab Nation
al Bank |
15.25 |
min Rs 1 lakhs, max Rs 100 lakhs |
1 - 6 years |
Upto Rs 250000- NIL, above Rs 25000 & upto Rs 2 lac- Rs 300, above Rs 2 lac- Rs 250 per lac or part thereof
|
NA |
Document
ation charges- Rs 1000, Upfront fee- 1% of the loan amount, maximum Rs 50000 |
| SBI Bank |
13.75 |
min Rs 0.25 lakhs, max Rs 100 lakhs |
1 - 10 years |
NA |
N.A |
N.A |
| UCO Bank |
14.5 - 14.75 |
min Rs 2 lakhs, max Rs 50 lakhs |
1 - 7 years |
1% of the loan amount |
1% of amount prepaid
|
N.A |