​Micro Home Finance Interest Rates

 

Risk related rate of Interest
  • The interest rate charged to the customer is based upon the customer profile, Credit bureau score, property type, market competition offerings, etc.
  • The interest rate applicable will vary from time to time and will be mentioned against the specific operative schemes/loan products

 

Mode of Calculation
  • The interest rate will be quoted on an annualized basis only.
  • Compounding, if any, will be provided in specific loan schemes.

 

Penal charge
  • 3% per month on overdue amount for actual days of due.