Product Details
Bank Name
Jana Small Finance Bank
Maximum Loan Tenure
30 years.
Maximum Loan Amount
Upto INR 3 Crores
Interest Rate
9.75% to 16.75%
Type
Floating interest rate.
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Down Payment
Not specified.
Fees and Charges
Processing fee: 0.50% to 2%.
Prepayment charges for floating rate: Nil for floating interest rate loans. 2% for fixed interest rate home loans.
Penal Interest On Late Payment: 2% per month, 24% yearly.
Legal Fee: At actuals.
Stamp Duty And Registration Charges: At actuals.
Minimum CIBIL Score
Not specified.
Down Payment and Fees
Home Loan
Special Features
None.
Eligibility Criteria
Applicant should be salaried employees or self-employed persons or professional or any other person having a legal, identified and regular source of income.
The borrower be 18 years old (completed) as on the date of application.
Special Concession
Not specified.
Home Saver Option
Not available.
Features, Eligibility and Concession
Pros
Loan availiable to those who have income in cash too.
Households with income of INR 10,000 cap apply too.
Cons
High interest rate.
High processing fee.
Pros & Cons
Application Procedure
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