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| For Date:
10th March 2010 |
| Currency
| Buying
(Cash)
| Buying
(Doc.)
| Selling
|
| US Dollar |
71.63 |
72.35 |
72.95 |
| Euro |
97.32 |
98.56 |
100.03 |
| Sterling Pound |
106.61 |
107.96 |
109.04 |
| more |
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Mortgage Loan Scheme
General Purpose Loan / Line of Credit
Margin:
The borrower has to offer immovable property whose value on distress is at least 200% of the loan amount. The loan will be restricted to 50% of the distress sale value of the property offered as security subject to a ceiling of Rs. 20,00,000/- for the proposals up to the sanctioning powers of Chief Manager (Credit)
Interest Rate:1.50% below the interest rate applicable to 'Other Customers', at present 11% p.a.
Repayment
The repayment by way of indicative Equated Monthly instalments on the basis of contracted rate of interest would be fixed for a maximum period of 60 months.
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