HOME LOAN AND MORTGAE LOANS - Chennai
Individual Housing Loans:
Housing Loan:
Interest rate 10.75 % only
Biggest Bank Sponsored HFC Since 1987
Quick sanction and disbursement of your loan
Total Transparency (No hidden charge, daily diminishing balance, friendship financing, customer benefit schemes)
High quality service with high end technological support
Hassel freePersonal loan, home improvement loan, child education loan for existing home loan customers
concession of 0.15% for one year to women for loans upto Rs.25 lac.
concession of 0.15% for one year to Army, Air Force, Navy personnel – serving and Ex-servicemen.
Scheme:
1
PURPOSE
1
Construction of House
2
Flat under construction
3
Repair/Renovations
4
Extension of House
5
Composite Loan
6
Balance Transfer/Take over
7
Purchase of ready build house / Flat
2
ELIGIBILITY
Individuals who are salaried persons/ professionals/ businessmen /NRI
/pensioner who have adequate repayment capacity supported by Proof Viz
Salary slips/Form 16 and Income Tax Returns
3
QUANTUM OF LOAN
75% to 85% of the project cost subject to repayment capacity
4
INTEREST RATE
All the above rates are Variable/Floating
Upto 30 Lakhs
10.75%
Above 30.01
11.00%
5
DISBURSEMENT
On the date of Registration (in purchase case)/ on construction progress wise( in construction case)
6
REPAYMENT
Salaried class
5 years to Maximum 30 years
Professionals
Min 5 years to Max 25 years
NRI/Business
Min 5 Years to max 15 years
7
SECURITY
Equitable mortgage of the property being financed
11
COLLATERAL SECURITY
On case to case basis
13
STAMP DUTY
As per the prevailing State Govt Act
14
DOCUMENTATION CHARGES
Actuals
15
PRE CLOSURE CHARGES
Nil
16
CHARGERS
Salaried/Professionals/NRI
Business class
1.Revalidation Charges for Lapsed Sanction :Rs 500/-
2.Cheque /ECS return charges = Actual bank charges+ Rs 200/-
3.Penal Interest =2% p. a. for the defaulted amount for the delayed period
4.Retrieving of documents from Central Storage facility :
If closed/preclosed : Nil
For any other purpose : Actual to & fro courier charges
5. Any actual incidental charges incurred by CFHL shall be reimbursed.
Other than the above, No other charge will be collected for regular account. Call me at:7299870518
