Loan against Property: Semi-fixed interest rate type with drop down feature
Introducing a product that will protect you against any upward movement in the benchmark interest rates in the first two years of your loan
- The interest rate is fixed for the first two years of the loan, after which, the loan will be benchmarked to the Base rate
- It has a unique “Drop down Facility”. This means that if you make regular EMI payments in the first 12 months, your interest rate will be reduced by 0.50%. Another six months of timely repayment and the interest rate will be decreased further by 0.25%.
Benefits:
You enjoy protection against upward movement of Interest rates. And you can lower your EMI and interest outgo simply by following the repayment norms.
| Drop Down |
Normal Loan Against Property |
Drop Down |
| Loan Amount |
10000000 |
10000000 |
| ROI |
12.00%* |
12.50% |
| ROI after 6 months |
12.50%* |
12.50% |
| ROI after 12 months |
13.00%* |
12.00% |
| ROI after 18 months |
13.50%* |
11.75% |
| ROI after 24 months (as per Base rate) |
Linked To Base rate |
| Loan Tenure (months) |
180 |
180 |
| Initial EMI (Rs.) |
120,017 |
123,252 |
| Total interest Repaid 24 months(Rs.) |
2,487,538 |
2,379,865 |
| Savings on Interest in 24 months (Rs.) |
- |
107,673 |
* Rates are indicative based on Base rates
Please Note:
- The above numbers are indicative, do not represent our views on interest rate scenario and are dependent on your repayment behaviour.
- The drop down benefit in interest rate is applicable only if you pay all EMIs on time
- Terms and Conditions apply. Sanction and disbursement of the credit facility shall be at the sole discretion of the Bank.
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To apply now:
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| On being contacted a Barclay’s representative will visit you to explain the finer details of our loan program and its advantages. On receiving the completed application form with the necessary documents, we shall endeavour to process your loan application within 7 working days. |
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