Avail “Home Loans” from ING for home construction, purchasing an already built house/flat, or even for refinancing the existing loan(s).
Benefits: ING Vysya Home Loan
Attractive Interest Rates.
Funding up to 80% of the Property’s cost*.
‘Floating Rate loans’ linked to HPLR i.e. ‘Home Loan Prime Lending Rate’.
EMI’s on a monthly reducing balance method.
‘Flexible Repayment’ Options, Max. Loan Tenor up to 20 yrs.
Nil penalties on partial pre-payments.
Allotted by Government: ING Vysya Home Loan
Sanctioned by Govt. (initially developed and sold by ‘Registered House Building Cooperative Society’ or ‘Private Developer’ of repute). Govt. Bodies must include ‘Urban Development Authority’ / ‘Corporation’ / ‘DTPA’ (District Town Planning Authority).
Eligibility: ING Vysya Home Loan
Residents of India can apply in their individual capacity or it can be jointly: –
‘Salaried-employees’ aged 23 yrs and more on application; and aged 60 or retirement age, whichever is sooner, at maturity of the loan.
‘Self-employed professionals’ and ‘businessmen’ above 25 yrs of age; and aged below 65 yrs, at maturity of the loan.
Min. ‘Gross Annual Income’
‘Salaried Employees’ Rs.1,20,000
‘Self-employed Professionals’ Rs. 1,00,000
‘Self-employed Businessmen’ Rs 1,50,000
The Home Loan eligibility will depend on different factors like ‘Income’, age, ‘stability’ and your ‘personal asset(s)’ and ‘liabilities’, etc .You can avail a Home Loan which starts from Rs. 5 lakhs up to Rs. 3 crores in all ‘metros’ like ‘Bangalore’, ‘Chandigarh’ and ‘Pune’. Customers located in all other cities where the bank provides ‘Home Loans‘ can avail the loan upto the amount of Rs. 1 crore.
Fees: ‘ING Vysya Home Loan’
0.5 % of the loan amount. applied for or Rs. 10,000 with the applicable service- tax, collected at application-time
EMI amount or if part prepayment exceeds 25% of outstanding principle in a financial year. Part-payment is not allowed upto 6 months of full and final disbursal.
2% of (O/s Principal Bal + Principal Prepayments made during the last twelve months) Foreclosure is not allowed uptil 6 months of full and final disbursal
ING Vysya Home Loan Interest Rate
‘Home Loans Interest Rate‘ is linked to ‘ING HPLR’ – ‘Home Loan Prime Lending Rate’. The ‘HPLR’ is subject to variation from one time to another time at the ‘sole discretion’ of the bank.