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एनआरआई/पीआईओ के लिए बड़ौदा टॉप अप ऋण
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Eligibility
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Most Important Terms and Conditions (MITC)
एनआरआई/पीआईओ के लिए बड़ौदा टॉप अप ऋण : Eligibility
Existing home loan borrowers whose conduct of the account is good.
एनआरआई/पीआईओ के लिए बड़ौदा टॉप अप ऋण : Most Important Terms and Conditions (MITC)
Target Group
Existing home loan borrowers whose conduct of the account is good.
Eligibility of Borrower(s)
Existing home loan borrowers whose conduct of the account is good.
Purpose of Loan
Any purpose excluding speculative or illegal purpose.
Limit: Maximum Limit
Minimum Rs. 1 lakh
Maximum Rs. 2 crores
Repayment Period
Maximum period up to the remaining period of home loan.
Repayment Capacity
Total deductions including proposed EMI should not exceed as follows:
Salaried Persons
GMI less than Rs. 20,000: 50%
GMI Rs. 20,000 and above but less than Rs. 50,000: 60%
GMI Rs. 50,000 and above but less than Rs. 2 lakhs: 65%
GMI Rs. 2 lakhs and above but less than Rs. 5 lakhs: 70%
GMI Rs. 5 lakhs and above: 75%
Others
Average Gross Annual Income (For last 2 years) up to Rs. 6 lakhs: 70%
Average Gross Annual Income (For last 2 years) more than Rs. 6 lakhs: 80%
Margin Norms & Loan to Value (LTV) Ratio
| Outstanding Home Loan + Proposed Top Up Loan | (Based on Realizable Value) | ||
|---|---|---|---|
| LTV Ratio (HL + Top- Up) | Margin | ||
| Up to Rs. 30 lakhs | 90% | 10% | |
| Above Rs. 30 lakhs and up to Rs. 75 lakhs | 80% | 20% | |
| Above Rs. 75 lakhs 75% 25% | 75% | 25% | |
Age
Minimum Age: 21 years (applicant)
18 years (co-applicant)
Maximum Age: Maximum can be considered up to 70 years*
Security
Extension of the existing mortgage of the residential property created to secure the home loan.
Pre Closure Charges
Nil
Rate of Interest
Applicable ROI on Home Loan + Strategic Premium + 0.50%
Unified Processing Charges
Top up -Unified Processing Charges :
- 0.35% of the Loan amount
- Minimum: Rs.5,000/- (upfront)
- Maximum: Rs.12,500/- plus GST
