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Ujaas The Condoville
 

Home Finance - your guide

Prevailing Interest Rate scenario?

A. Floating Interest Rate: 10.00% - 12.00%
B. Fixed Interest Rate: 12.00% - 14.00%

How much do you pay every month?

On the basis of these rates, the monthly instalments for a housing loan of
Rs 1,00,000 work out as follows:

 Home finance
Your guide to taxes
Example one
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Interest rate in %
  10.50 10.75 11.00 11.25 11.50

Term Years

 Rs Rs Rs Rs Rs
5 2149 2162 2174 2187 2199
10 1349 1363 1378 1392 1406
15 1105 1121 1137 1152 1168
20 998 1015 1032 1049 1066
25 944 962 980 998 1016

Other fees

Administration Fees: 0.5% or Rs 5,000.00 whichever is less plus Service Tax as applicable.

What security is required?

The loan would be secured by equitable mortgage of the apartment financed by the bank.

Maximum loan

85%-90% of the value of the apartment