Bank Name | Floating Interest rate | Per lac EMI | Processing Fee | Prepayment Charges | % Change in last 6 mths | ||
State Bank Of India | 10.05% | Rs.968 | Up to 25 lacs : 0.125% of loan amount minimum Rs.1000/- 25-75 lacs : Rs.3,250/- 75 & above : 5,000/- | Nil | No Change | ||
ICICI Bank | 10.40% | Rs.992 | 0.50% of loan amount upto 1 crore | N.A |
| ||
HDFC Ltd | 10.40% | Rs.992 | 0.5% or maximum 10,000+service tax (12.36%) | No prepayment charges shall be payable for partial or full prepayments irrespective of the source |
| ||
HSBC Bank | 11% - 11.25% | Rs.1032 - Rs.1049 | 1% of the loan amount applied for, subject to a minimum of Rs 10000 plus service tax. This fee is payable on application and is not refundable | Nil | N.A | ||
LIC Housing | 10.35% (for female applicants) or 10.60% (for male applicants) | Rs.988 (for female applicants) or Rs.1005 (for male applicants) | Up to 50 lacs : 10,000 +(Service tax) 50 lacs & above : 15,000 +(service tax) | Nil | No Change | ||
AXIS Bank | 10.25% (Upto 25 Lacs), then 10.75% | Rs.982 (Upto 25 Lacs), then Rs.1015 | 0.5% of the loan amount (Max. 10000/- + service tax for Salaried) | Nil |
| ||
IDBI | 10.25% | Rs.982 | Up to .50%of loan amount (Rs 2500 to be collected at login and balance at the time of sanction ) | If Balance Transfer then 2% Otherwise Nil | No Change | ||
PNB Housing Finance | 10.50% (For Salaried/SEP), 11% (SENP) | Rs.998 (For Salaried/SEP), Rs.1032 (SENP) | 0.5% | NIL | No Change | ||
ING Vysya | 10.75% | Rs.1015 | 0.5% of the loan amount | NIL | N.A | ||
Standard Chartered | 10% (Upto 25Lacs), then 10.25% - 10.50% | Rs.965 (Upto 25Lacs), then Rs.982 - Rs.998 | Rs.5500/- + Service tax | NIL |
| ||
Citibank | 10.75% | Rs.1015 | 0.25% or 5,000 + 12.36%( service tax) | NIL |
| ||
Deutsche Bank | 10.50% | Rs.998 | 12000 + Service Tax | Nil | N.A | ||
DHFL | 11% | Rs.1032 | 1% for Salaried & 1.5% for SENP | NIL |
| ||
India Bulls | 10.40% (Upto 25Lacs), then 11% | Rs.992 (Upto 25Lacs), then Rs.1032 | Up to 30 lacs 5,000+12.36%(Service tax) 30 lacs & above : 15,000+12.36%(Service tax) | NIL |
| ||
Federal Bank | 10.50% | Rs.998 | 7,000 + Service Tax | N.A | No Change | ||
Allahabad Bank | 10.20% (Upto 25Lacs), then 10.45% | Rs.978 (Upto 25Lacs), then Rs.995 | 0.50% of loan amount, Maximum Rs. 10,000/- | NIL | N.A | ||
Bank of Maharastra | 10.55% (Upto 25lacs), then 10.75% | Rs.985 (Upto 25lacs), then Rs.1015 | 0.50% (Max. Rs. 50,000/-) | Nil |
| ||
Central Bank of India | 10.25% | Rs.982 | 0.50% of the loan amount subject to maximum of Rs.20,000/- | Nil |
| ||
Corporation Bank | 10.25% | Rs.982 | 0.50% of Loan amount (Max.Rs.50,000/-) | NIL |
| ||
Bank of India | 10.25% | Rs.982 | 0.25% of loan amount. Min.Rs.1,000 and Max. Rs.20,000 | Nil |
| ||
Union Bank of India | 10% | Rs,965 | Processing charges are 0.50% of the loan amount subject to maximum of Rs. 15,000 | NIL |
| ||
United Bank of India | 10.25% | Rs.982 | 0.50% of the loan amount | N.A |
| ||
UCO Bank | 10.20% | Rs.978 | 0.5% of the loan amount, minimum Rs.1500/- & maximum Rs. 15000/- | NIL | N.A | ||
Bank of Baroda | 10.25% | Rs.982 | Loan upto Rs.30 Lacs - 0.50% (Minimum Rs.5,000/-) Above 30 Lacs - 0.40% (Min. Rs.15,000/- & Max. Rs.50,000/-) | N.A. | N.A | ||
Canara Bank | 9.95% | Rs.962 |
| ||||
Oriental Bank of Commerce | 10.25% | Rs.982 | 0.50% of the loan amount, subject to maximum of Rs. 20000/- plus service tax | NIL | No Change | ||
Kotak Bank | 10.75% | Rs.1015 | 0.25% - 0.5% | 2% on Balance transfer else NIL | N.A | ||
Dena Bank | 10.25% | Rs.982 | 0.50% of sanctioned limit | N.A |
| ||
Punjab National Bank | 10.25% | Rs.982 | N.A | ||||
First Blue Home Finance | 10.25% (for Salaried / SEP), 10.75% (For Self Employed) (Upto 25Lacs), Then 10.75% (for Salaried / SEP), 11.25% (For Self Employed) | Rs.982 (for Salaried / SEP), Rs.1015 (For Self Employed) | Salaried: Up to 30 lacs :7300 30 - 75 lacs : 11800 75 lacs & above : 15,000 + service tax(12.36%) | Nil | N.A | ||
Vijaya Bank | 10.50% | Rs.998 | 0.25% of loan amount. Maximum Rs.10000. Exclusive of Service Tax | N.A | N.A | ||
Syndicate Bank | 10.25% | Rs.982 | upto Rs.25 lacs - 0.25% (Min Rs 1000 - Max Rs 5000) 26 lacs to 75 lacs - 0.55% (Max.Rs.500/-) above Rs.75 lacs - 0.55% (Max Rs.10000/-) | N.A |
| ||
Indian Overseas Bank | 10.25% | Rs.982 | A flat rate of 0.58% of the loan amount- maximum of Rs. 10,190/- There is no hidden charge. This is subject to change from time to time without prior intimation. | N.A | N.A | ||
Development Credit Bank | 11.50% | Rs.1066 | 1% | Nil | N.A | ||
State Bank of Travancore | 10.25%-10.50% | Rs.982 - Rs.998 | Processing fees stands reduced by50% of normal charges during the campaign period | NIL | N.A | ||
Tata capital Housing Finance ltd | 10.75% | Rs.1015 | 0.5 to 1% off the loan amount. | N.A | N.A | ||
Dhanalakshmi Bank | Scheme I: 11.50% (Fixed for 1 yr), Then 12% Scheme II: 12% | Scheme I: Rs.1066 (Fixed for 1 yr), Then Rs.1101 Scheme II: Rs.1101 | 1% + service tax | N.A | N.A | ||
Indian Bank | 10.20% | Rs.978 | Nil | Nil | No Change |
Bank Loans
Loans by Choice Not by Chance
Tuesday, September 24, 2013
Home Loan Interest rates in all Banks
Friday, September 20, 2013
Personal Loan interest rates
Banks/Rates | Salaried | |||||
CAT A | CAT B | Others | Pre Payment Charges | Processing Fees | ||
ICICI Bank | 13.99% - 14.75% (For Special Companies) 15.50% (Salary Above 75,000) 16% (Salary 50,000 -75,000) 17% (Salary 30,000 -50,000) 18.25% (Salary 20,000 -30,000) 18.50% (Less Than 20,000) | 15.50% (Salary Above 75,000) 16% (Salary 50,000 -75,000) 17% (Salary 30,000 -50,000) 18.25% (Salary 20,000 -30,000) 18.50% (Less Than 20,000) | 15.50% (Salary Above 75,000) 16% (Salary 50,000 -75,000) 17% (Salary 30,000 - 50,000) 18.25% (Salary 20,000 -30,000) 18.50% (Less Than 20,000) | 5% | 2% - 2.25% | |
HDFC Bank | 13.99% - 14.75% (For Special Companies) 15.75% (for 75,000 & above salary) 16.25% (for 50,000-75,000 salary) 16.75% (for 35,000-50,000 salary) 17.75% (below 35,000 salary) 12.99% - 14% (Special Rates for Loan Amount b/w 10lacs - 20lacs) | 15.75% (for 75,000 & above salary) 16.25% (for 50,000-75,000 salary) 16.75% (for 35,000-50,000 salary) 17.75% (below 35,000 salary) 12.99% - 14% (Special Rates for Loan Amount b/w 10lacs - 20lacs) | 20% | 4% | 0.8% - 1.75% (for Special Companies) 2% (HDFC | |
Bajaj Finserv | 15% - 16% | 16% | 16.50% - 17% | Nil Prepayment | Upto 2% | |
ING Vysya | 13.99% (for 1lac & above salary) 14.25% (for 75,000 - 1lac salary) 15.75% (for 40,000 - 75,000 salary) 17.25% (for 30,000 - 40,000 salary 0.5% Waiver for Ing Salary Account Holder) | 13.99% (for 1lac & above salary) 14.50% (for 75,000 - 1lac salary) 16.25% (for 40,000 - 75,000 salary) 17.25% (for 30,000 - 40,000 salary 0.5% Waiver for Ing Salary Account Holder) | 14.99% (for 75,000 & above salary) 16.75% (for 40,000 - 75,000 salary) 18.25% (for 25,000 - 40,000 salary 0.5% Waiver for Ing Salary Account Holder) | Nil Foreclosure Charges Special Offer. Valid till (30th Sept'13 | 1.5% (For ING Salary Account Holder), other wise 1.75% - 2% | |
Kotak Bank | 13.99% (For Special Companies) 15% | 16.50% | 18% - 19% | 4% | 0.75% (for Special Companies) else 2% | |
State Bank of India/SBI (SBI Saral) | 18.25% | 18.25% | 18.25% | N.A | N.A | |
Fullerton India | 16% - 32% | 16% - 32% | 16% - 32% | 4% | 2% | |
Standard Chartered Bank | 16% - 17% | 17% - 18% | 19% - 22% | 2% - 5% | 2% | |
HDBFS | 16% (for 75,000 & above salary) 17% (for 35,000 - 75,000 salary) 18% (below 35,000 salary) | 16% (for 75,000 & above salary) 17% (for 35,000 - 75,000 salary) 18% (below 35,000 salary) | 17% (for 75,000 & above salary) 18% (for 35,000 - 75,000 salary) 21% ( below 35,000 salary) | NIL for Select Corporates Employees (CAT A & B) 4% For Rest | 1% - 2% | |
Citibank | 16% (upto 30,000 salary) 15% (above 30,000 salary) | 17% ( upto 30,000 salary) 16% (above 30,000 salary) | 17% (upto 30,000 salary) 16% (above 30,000 salary) | 3% | 1% - 2% | |
Axis Bank | 15% (For Super CAT A) 16% (For CAT A) | 17% | 19% - 20% | Nil | 2% | |
Andhra Bank | 15.75% - 16.75% | 16.75% - 18.75% | Rs250 - Rs1000/- | |||
Bank of Baroda | 14.75% | 14.75% | ||||
Corporation Bank | 14.50% ((undertaking letter required) ) | N.A | N.A | N.A | N.A | |
United Bank Of India | 16% (12%(For pensioners)) | 16% - 18% (12%(For pensioners)) | 16% - 18% (12%(For pensioners)) | N.A. | N.A. | |
Vijaya Bank | 16% | N.A | N.A | N.A. | N.A. | |
Indian Bank | 13.70% - 14.20% | 13.70% - 14.20% | 13.70% - 14.20% | N.A | 0.50% on the loan amount with min of Rs 500/- | |
Bank of India | 15% | 15% | 15% | N.A | 2% | |
Canara Bank | 14.95% | 14.95% | 14.95% | N.A | 0.25 % | |
Transfer your personal loan to HDFC Bank | As Low As 12.99% | Flat Processing Fee of Rs 999/- |
Where
The factors which determine your Personal Loan interest rates are as follows: - • Income • Your Company Status • Credit and Payment history. • Relationship with the Bank you intend to take loan from. • Individual’s Negotiating Ability. Income : If your Income is above a certain limit, Banks believe that your chances of not paying are lesser as you have Income to pay. Income above 75 per month usually gets some discounts from all personal loan Banks. Your Company Status : If the company you are working with is a well known corporate, the Banks feel that you are less likely to shift from your job and will result in lesser defaults. Credit and Payment History : Banks follows Cibil scores/rating before deciding giving loans. If your payments forCredit Cards and Loans is not upto mark , you have the most likely chance of being rejected for the loan or the Bank will give you at a much higher rate. Relationship with Bank : The Bank where you have your Salary account/Savings account is likely to pass on you to some special rate for your personal Loans or Processing fee. Individuals Negotiating Skills : Based on your above points you can always ask Bank to give you waivers on Rates, Fees Etc. |
RBI increases rate of interest subvention
To boost exports and attract dollars, the Reserve Bank of India (RBI) has decided to increase the rate of interest subvention on pre- and post-shipment rupee export credit for certain employment-oriented export sectors from two per cent to three per cent, effective August 1.
RBI has asked banks to reduce the interest chargeable on exporters according to the base rate system eligible for export credit subvention, subject to a floor rate of seven per cent. “Banks may ensure to pass on the benefit of three per cent interest subvention completely to eligible exporters,” RBI said.
“We can expect these steps to have an impact on the rupee a few months down the line. Immediately, these won’t help,” said a currency dealer with a public sector bank.
On Monday, the rupee again breached the 64-mark against the dollar, owing to month-end dollar demand from importers. It closed at Rs 64.31 a dollar, compared with its previous close of Rs 63.35, a depreciation of 1.52 per cent. During intra-day trade, it touched a high of Rs 63.65 and a low of Rs 64.75. It had opened the day at Rs 63.39. There is concern a slowing economy would make it tough to attract foreign institutional investors.
Last week, the rupee had touched an all-time low of Rs 65.56 against the dollar, after minutes of a US Federal Reserve meeting hinted the US was on course to taper its stimulus as early as next month.RBI has asked banks to reduce the interest chargeable on exporters according to the base rate system eligible for export credit subvention, subject to a floor rate of seven per cent. “Banks may ensure to pass on the benefit of three per cent interest subvention completely to eligible exporters,” RBI said.
“We can expect these steps to have an impact on the rupee a few months down the line. Immediately, these won’t help,” said a currency dealer with a public sector bank.
On Monday, the rupee again breached the 64-mark against the dollar, owing to month-end dollar demand from importers. It closed at Rs 64.31 a dollar, compared with its previous close of Rs 63.35, a depreciation of 1.52 per cent. During intra-day trade, it touched a high of Rs 63.65 and a low of Rs 64.75. It had opened the day at Rs 63.39. There is concern a slowing economy would make it tough to attract foreign institutional investors.
Experts believe the rupee might fall further in the near term. “Current volatility and weakness, leading to fragile sentiment, have driven the currency to uncharted territory. In such an environment, the rupee could test further new lows with heightened volatility. That’s why market participants are reluctant to make near-term forecasts. However, we believe the current levels reflect the realistic value of the currency,” Rajesh Cheruvu, chief investment officer (India), RBS, said in a note to clients.
Tracking the weak rupee, government bond yields rose on Monday. The yield on the 10-year 7.16 per cent government bond ended at 8.34 per cent, compared with its previous close of 8.26 per cent. However, the auction of 48-day cash management bills for a notified amount of Rs 11,000 crore sailed through, despite the liquidity crunch in the system. The cut-off yield was 11.8936 per cent
.
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