RLLR Scheme
RLLR Scheme
RLLR Scheme
Home Loan Linked to Repo Rate: The interest rate will change upwards or downwards in line with
the movement of the Repo linked Lending Rate as per Bank’s Policy (High volatility every 3rd month
Repo Rate will change as per RBI announcement)
Higher Loan Tenure upto 30 years.(For under construction projects, maximum moratorium period
upto 2 years can be offered however interest to be served regularly )
Low Interest Rates
Zero Processing Fee
No Hidden Charges
No Pre Payment Penalty
Interest charges on Daily Reducing Balance based on EMI.
Comparison with SBI
Increase in Repo Rate marginal the Increase in Repo Rate the effective ROI will higher
effective ROI will marginal increase as due to higher spread.
per REPO RATE.
Processing Zero Processing Fees 0.35% of Loan amount.
Fees
Quantum Based on Gross / Net Income DSCR based – can cause lower quantum of Loan
Repayment EMI –Equated Monthly Installments Monthly Principle installments and serviced Interest
EMI for 75Lakh @8. 60 % for 240 months monthly.(PED based)
= 65562/- Minimum 3% of the Principle amount should be paid
yearly. ( Higher instalment amount compare with
EMI)
Monthly instalment
For 75Lakh @8. 60 % for 240 months =
31250/- (Principle) + 53526 (interest) = Rs 84776/-
monthly repayment amount started.
Rs. 19124 is higher than EMI.
Tenor – 30 Years up to borrower age 75 Tenor – 30 Years up to borrower age 70 Years.
Years.