Home loan rates of interest and fees by form of home

Home loan rates of interest and fees by form of home

Rates of interest, LTV and processing charge can vary by types of home. The after table contrasted one of the keys terms of numerous kinds of home loan provides by style of home.

Sort of properties and conditions Industrial Property Commercial Property investment Property
rate of interest 10.85percent – 13.35% 9.50% – 15.15% 8.70% – 15.15%
Loan to value (LTV) 40% – 65% 40% – 75% 40% – 75%
Processing charge 0.20% – 1.00% 0.20percent – 2.00% 0.20percent – 2.00%
earnings Proof for Salaried half a year payslip, ITR of final 24 months, a couple of years Form 16, six months bank declaration showing income credit half a year payslip, ITR of final 24 months, two years Form 16, half a year bank declaration showing income credit half a year payslip, ITR of final two years, 24 months Form 16, a few months bank declaration showing wage credit
earnings proof for Self employed ITR of final 36 months, VAT/ solution tax enrollment, company target evidence, economic statements certified by CA, content of partnership deed and proof company presence and business profile ITR of final three years, VAT/ solution tax enrollment, business target evidence, economic statements certified by CA, content of partnership deed and evidence of company presence and business profile ITR of final 36 months, VAT/ solution taxation enrollment, company target evidence, monetary statements certified by CA, content of partnership deed and evidence of company presence and company profile
FOIR 0.65 0.65 0.55 – 0.65
CIBIL 650 and more 650 and much more 650 and much more

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