Product Details
Bank Name
Equitas Small Finance Bank
Maximum Loan Tenure
Up to 20 years.
Maximum Loan Amount
Up to 3,00,00,000
Interest Rate
11-14% per annum.
Type
Floating
Down Payment
Up to 90%
Fees and Charges
Processing fees- Up to 2% on the sanctioned home loan
Pre-payment charges: For floating rate home loans: No pre-payment charges.
Late payment charges: 24% per annum for the delayed days from the EMI due date till the date of payment.
Legal charges: At actuals.
Stamp Duty and registration charges: At actuals.
Minimum CIBIL Score
Not specified by the bank.
Down Payment and Fees
Home Loan
Special Features
None
Eligibility Criteria
Salaried and Self-employed individuals.
Special Concession
No
Home Saver Option
No
Features, Eligibility and Concession
Pros
Good LTV ratio.
Decent interest rate
Cons
High processing fee.
No home saver option.
Pros & Cons
Application Procedure
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