A loan for your loan
For all our existing home loan borrowers
Fees and Charges
Terms & Conditions
- All Existing Home Loan (including Home Improvement Loan) Borrowers. The borrower will be eligible for loan under scheme if housing loan of the borrower is running with our bank for a minimum of 12 months and every interest and installments of the last 12 months are regular and there is no delay even a single day. Maximum 5 times during entire tenure.
Minimum age : 21 years (applicant)
18 years (co-applicant)
- Maximum : $500000
OR 75% of Residual Value of House Property after deducting 150% of outstanding loan amount of Existing Home Loan whichever is lower
- 25% of residual value of House Property after deducting 150% of outstanding loan amount of Existing Home Loan
By Equated Monthly Installments (EMI). 1st installment will be due after one month from date of disbursement.
- Repayment Period: As per repayment capacity 60% of gross income
- Insurance: At the cost of borrower as per Bank's norms
- Security: Extension of the existing equitable mortgage