CO: RETAIL ASSETS DEPARTMENT

01-04-2022

Continuation of Rate of Interest on Home Loan and Vehicle Loans

Reference is invited to the following Circulars

1. ADV- 122/2021-22 dated 21.09.2021 on Utsav Dhamaka FY 2021-22, and further
extension upto 31.03.2022 vide ADV-294/2021-22 dated 31.01.2022.
2. ADV-293/2021-22 dated 31.01.2022 on IBHL Premium.

To maintain the momentum of Utsav Dhamaka period and based on the requests received from
the field level functionaries, it has been decided to continue the rate of Interest for Home Loans
and Vehicle Loans up to 30.06.2022 with following conditions.

1. Processing Charges to be recovered as per the norms.

2. Under Home Loan Premium, the minimum loan amount is reduced to Rs.30.00 Lakhs
instead of Rs.50.00 Lakhs.
3. FGMs are authorised to relax LTV as under for Home Loan Premium:

a. Upto 80% for loans from Rs.30 lakhs to Rs.75 Lakhs.

b. Upto 75% for loans above Rs.75 Lakhs.
4. For conversion of existing IBHL into IBHL Premium, FGMCAC is empowered to accord
permission. All other norms including CIBIL score should comply with IBHL Premium
schemes.
5. All Current Product codes will continue.

Detailed circular follows.

DEPUTY GENERAL MANAGER