You normally repay the loan through Equated Monthly Installments (EMIs) comprising both principal and interest. If the final disbursement is however still pending, you pay interest on the portion of the loan disbursed before the EMI commences.

We could also structure your loan repayment to suit your convenience. For instance, the installments could be lower in the initial years and could gradually increase over a period or vice versa.

The maximum possible tenure for a Resident Indian is 25 years if employed and 15 years if self employed. While the same for an NRI is 15 years.

Prepayment /foreclosure allowed after 6 months of final disbursement. In case of prepayment/ foreclosure of home loan from own source of funds, no pre-payment charges will be levied. However, a Pre-payment Fees of 2% on Principal outstanding will be levied, if pre-payments are from other then own sources.