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1
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Name of the product
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“PSB HOME LOAN PLUS”
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2
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Purpose
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To retain Existing Home Loan Borrowers by giving them an option to shift their existing accounts to new scheme.
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2
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Eligibility
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- All Existing Home Loan accounts sanctioned at least three months before the date of switchover are eligible to convert their accounts.
- Account should be standard and regular at the time of approval of switchover.
- Outstanding Housing Loan amount should be greater than Rs. 20 Lac.
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3
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CIC Scoring
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CIBIL Score of borrower should be 690 and above
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4
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Rate of Interest
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PSB Apna Ghar
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CIBIL Credit Vision Score
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Repo
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Markup %
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CRP%
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BSP %
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Effective EBLR%
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%
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(3 Year Reset)
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(Yearly Review)
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(3 Year Reset)
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791 and above
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6.50
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1.95
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0.05
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0.05
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8.55
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768-790
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6.50
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1.95
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0.19
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0.06
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8.70
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753-767
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6.50
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1.95
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0.32
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0.08
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8.85
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732-752
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6.50
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1.95
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0.51
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0.09
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9.05
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690-731
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6.50
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1.95
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0.85
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0.10
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9.40
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PSB Apna Ghar Sahaj & Gaurav:
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CIBIL Credit Vision Score
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Repo
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Markup %
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CRP %
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BSP %
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Effective EBLR
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%
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(3 Year Reset)
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(Yearly Review)
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(3 Year Reset)
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791 and above
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6.5
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1.95
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0.00
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0.05
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8.50
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768-790
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6.5
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1.95
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0.19
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0.01
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8.65
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753-767
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6.5
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1.95
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0.32
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0.03
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8.80
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732-752
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6.5
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1.95
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0.51
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0.04
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9.00
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690-731
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6.5
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1.95
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0.85
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0.05
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9.35
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No need of closing existing Home Loan account. Existing Home Loan account to continue with revised Rate of Interest which will be changed in CBS by respective Sanctioning Authority.
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6
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Service Charges
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One –time switchover charges of 0.25%+ GST of the loan amount (outstanding +undisbursed loan amount), shall be levied.
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Competent Authority
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Power of waiver
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ZLCC
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50% of Charges
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HLCC
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100% of Charges
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7
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Documentation
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Branches to obtain following documents:
- Model request letter by existing customers – Annexure A
- Model Process cum Sanction Letter – Annexure B
Note: No other documents are required from the customer for switchover
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