South Indian Bank home loan interest rate begins from 9.10% p.a., with loan tenures of up to 30 years and a loan amount of up to Rs.15 crore. The bank charges processing fees of 0.50% of the loan amount and the Loan-to-Value (LTV) of up to 90% of the property value. The repayment option may be extended beyond your retirement, if pensionable. You can also take advantage of the top-up home loan offered by the bank. Also, the bank offers a takeover of your existing home loan with attractive features and benefits.
South Indian Bank offers home loans for resident and Non-Resident Indians (NRIs) at attractive interest rates starting from 9.15% p.a. You can take a loan of up to Rs.15 crore for a tenure of 30 years. The processing fee is charged at 0.50% of the loan amount plus applicable taxes.
|Interest Rate||9.15% p.a. t0 9.50% p.a.|
|Processing Fee||0.50% of the loan amount or a minimum of Rs.5,000 + GST|
Your monthly instalment amount depends on multiple parameters, including the loan amount, tenure, and interest rate. It’s always advised to calculate your EMI (Equated Monthly Instalment) and processing fee (paid upfront) beforehand so that you can plan your financial life in a better way. Prior calculation can also help you compare different home loan schemes offered by various financial institutions.
In order to do that, you can use BankBazaar South Indian Bank Home Loan EMI Calculator. The entire process is easy with a quick turnaround time. All you need to do is enter the relevant details pertaining to your loan, including the loan amount, tenure, interest rate, and processing fee. Hit the button “calculate” to check your EMI and processing fee.
This will be followed by an pre payment table giving you a complete breakdown of your repayment schedule.
|Age||21 years to 75 years|
|Type of Employment||Salaried, self-employed professionals and non-professionals|
|Nationality||Indian or NRI|
For NRI (salaried)
For NRI (self-employed)
For senior citizens/pensioners
The documents you need to provide for construction of residential house in my own land are as follows:
You can borrow a minimum of Rs.2 lakh.
Yes, a penalty fee of 2% p.a. would be levied in case you default.
You need to have a minimum credit score of 600 to be eligible for a home loan from South Indian Bank.
The maximum financing you can get is 90% of the total property cost. However, it also depends on the loan amount and the type of property. The final amount offered is at the bank’s sole discretion.
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