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
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
Apna Ghar Yojana (Individual Housing Loan)
Special Features
Eligibility Criteria
Special Concession
Home Saver Option
Features, Eligibility and Concession
Pros
Cons
Pros & Cons
Application Procedure
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