Product Details
Bank Name
CSB Bank
Maximum Loan Tenure
Upto 20 years.
Maximum Loan Amount
Not capped.
Interest Rate
9.69% p.a. for loans upto Rs 75 lakhs and 9.94% p.a. for loans above Rs 75 lakhs.
Type
Floating
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Down Payment
75 % of construction/purchase cost or loan eligibility whichever is lower.
Fees and Charges
Processing fee: 0.5% of the loan amount.
Prepayment charges for floating rate: NIL.
Penal Interest On Late Payment: 24% per annum i.e. 2% per month on the overdue installments.
Legal Fee: At actuals.
Stamp Duty And Registration Charges: At actuals.
Minimum CIBIL Score
Not specified.
Down Payment and Fees
CSB Bank Housing Loan
Special Features
None.
Eligibility Criteria
Below is the eligibility criterion:
Borrower should be of a minimum age of 18.
Borrower should have a good Cibil score.
Borrower should have proof of income.
Special Concession
None.
Home Saver Option
No.
Features, Eligibility and Concession
Pros
Nil prepayment charges.
Quick processing.
Cons
No home saver option available.
PSU banks offering lower interest rate.
High processing fee.
Loan tenure is limited to only 20 years.
Pros & Cons
Application Procedure
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