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Revolutionary home loan concept designed to help reduce the interest paid, and pay off the loan faster. |
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Deposit and withdraw your money
(salary and other income) whenever you need, without any charges |
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Interest calculated on daily
balance and applied monthly |
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Access your money whenever
you need with free globally valid ATM-cum-Debit card |
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| HomeSaver
Operation |
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The graphic below shows how
HomeSaver operates |
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| HomeSaver
Benefits |
| The table and graph below show how you can save on interest costs as well as shorten the tenure on your loan by opting for HomeSaver. |
| Loan Amount
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| ROI
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| EMI (Rs.)
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| Loan Tenure (months)
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| Total Interest Repaid (Rs.)
|
| Actual Repayment Period (months)
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| Savings on Interest Loan
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| Tenure reduced by |
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| Normal Home Loan
|
| 1000000
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| 8.75%
|
| 8838
|
| 240
|
| 11.2 Lacs
|
| 240
|
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| HomeSaver
|
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| 1000000
|
| 9.75%
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| 9486
|
| 240
|
| 5.75 Lacs
|
| 126 |
| Rs. 5.45 lacs
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| 114 months |
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| Assumption: Gross monthly post tax income of Rs. 33,500; Monthly expenses of Rs. 20,000. |
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| Savings Compared to normal Home Loan |
| Savings on Interest - 49% |
| Reduction on Tenure - 48% |
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| We offer
Insurance as well |
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MRTA -
Mortgage Redemption Term Assurance, Insurance premium funding at
your Home loan rate. More
HHP – HHP plan is a combination of Insurance for the
Property, Home Contents, and Personal Accident. You can choose
to take insurance for combinations of these components or for a
single component. More |
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| Your home loan entitles you to substantial
Tax Benefits. More |
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| You can
also transfer your existing loan to Standard Chartered Bank
today and save on interest.
More |
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If you're ready
to make your dreams come true, call us now at Phone
Banking.
See the Homesaver
Calculator
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| Check your monthly repayments in the
Amortization Schedule |
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| We also provide
a one-of-kind property search and buying service to help you
with buying or selling a home. Check out
HomeAssist
now! |
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List of Free Services offered |
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Schedule of Charges
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| FAQs |
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KYC (Know Your Customer) documents |
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Top Up Loan |
