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Product Details
Bank Name

GIC Housing Finance

Maximum Loan Tenure

30 years

Maximum Loan Amount

3 crore

Interest Rate

Variable rate: 8.45%

Type

both

Apna Ghar Yojana (Individual Housing Loan)
Down Payment

Up to and including Rs. 30 lacs: Loan total exposure not exceeding 90% of the market value of the property as assessed by GICHFL.

Rs. 30.01 lacs to Rs. 75 lacs: Loan total exposure not exceeding 80% of the market value of the property as assessed by GICHFL.

Above Rs. 75 lacs: Loan total exposure not exceeding 75% of the market value of the property as assessed by GICHFL.

Fees and Charges

Processing fees for loans taken for house purchase or construction:
Purchase Property From Builder
Purchase In Co-Operative Society
Purchase on Second Sale
Construction Loan
=Rs. 3,000
Administrative Fees on House Purchase and Construction Loans : Rs. 2,500 to Rs. 12,000 depends on our branch locations
Processing Fees on Repair and Renovation Loans: Rs. 2,500
Administrative Fees on Repair and Renovation Loans: 0.75% of the loan amount
Processing Fee for Balance Transfer: NIL
Administrative Fees for Balance Transfer: Rs. 2,500
Conversion Fees for Switch to a Lower Interest Rate: Up to 2% of the outstanding loan amount
Prepayment Charges For floating rate home loans: Nil
For fixed-rate home loans: 2% on outstanding loan amount

CERSAI Registry / Modification Charges:
Rs. 50 for loans up to Rs. 5 lakh
Rs. 100 for loans above Rs. 5 lakh
Cheque/ECS Bounce Charges: Rs. 300
Stamp Duty/ Franking Charges: As per applicable law/charges of the relevant property state=

Minimum CIBIL Score

750

Down Payment and Fees
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Apna Ghar Yojana (Individual Housing Loan)

Special Features
Eligibility Criteria
Special Concession
No
Home Saver Option
no
Features, Eligibility and Concession
Pros
Low-interest rates compared to other commercial banks and financial institutions. Flexible loan amount based on the borrower's income and repayment capacity. Simple and hassle-free loan processing.
Cons
Pros & Cons
Application Procedure

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