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IB Home Loan PBD - Base PDF
IB Home Loan PBD - Base PDF
1. Home Loan Variable Rate of Interest (For residents and NRIs)-Interest Rate
w.e.f 07.10.2015
All rates linked to our present Base Rate of 9.65%
Upto ` 75 lakhs
> ` 75 lakhs
9.65% (Base Rate)
*9.90% (Base rate +0.25%)
*Concessional rate of interest is applicable at present under Festival Season Offer 2015 for
Home Loans upto 2.00 crores at Base Rate, presently 9.65% valid upto 31.01.2016
2. Home Loan -Fixed Rate of Interest (For residents only)-Interest Rate w.e.f 07.10.2015
All rates are linked to our present Base Rate of 9.65%
Upto ` 75 lakhs
10.65% (Base Rate+1%)
> ` 75 lakhs
10.90% (Base rate +1.25%)
9.65+1.25+0.50=11.40%
9.65+0.50+1.50=11.65%
Rate of Interest
*BR+0.50%(variable)=10.15% p.a for all tenors
BR+3.25%(variable)=12.90% p.a
BR+2.75%(variable)=12.40% for all tenors
*Concessional rate of interest for Vehicle Loan (New Car) at Base rate + 0.35% = 10.00% under
Festival Season offer 2015 valid upto 31.01.2016.
2. Interest rates for other Fixed Rate Personal Segment Loan Products for existing
accounts: (fresh sanctions and for existing accounts reset on or after 07.10.2015)
Sl No.
1
2.
3.
Product
Reverse Mortgage
Salary Loan
Upto 36 months
Above 36 months upto 60 months
Above 60 months
IB Vehicle Loan #
(Sanctioned prior to 01.05.2012 and
reset on or after 07.10.2015)
10.65% Fixed
10.90% Fixed
11.95% Fixed
12.20% Fixed
11.20% Fixed
Two Wheelers
12.95% Fixed
@ Reverse Mortgage Loan interest rate shall be subject to reset clause Interest reset at the end of
every 5 years based on the then prevailing Reverse Mortgage Interest on the date of reset.
# For vehicle loans sanctioned prior to 01.05.2012 Interest reset at the end of every two years
based on the prevailing vehicle loan interest rates on the date of reset. Vehicle Loans sanctioned
from 01.05.2012 carry variable interest rates.