Key Benefits
Initial Rate Stability: Enjoy a fixed interest rate for an initial period (2 Years / 3 Years / 5 Years), providing you with financial security.
Protection Against Rate Fluctuations: Shield from sudden interest rate increases during the fixed period, allowing you to plan your finances effectively.
Flexibility: Once the fixed rate period ends, loan converts to a floating rate, to benefit from potential interest rate decreases in the market.
Predictable Payments: Helps you to prepare for your monthly outgoings as your EMI will be stable during the fixed interest period.
Rate of Interest
Fixed Tenure
2 Yrs
3 Yrs
5 Yrs
Pragati Aashiyana Home Loan
ROI + 0.50% ROI + 0.35% ROI + 0.25%
Micro LAP
ROI + 0.60% ROI + 0.50%
ROI + 0.30%
Maximum Overall Tenure: Pragati Aashiyana HL (Segment1) up to 20 years; Segment 2 up to 15 years; Micro LAP: up to 15 years
Illustration
Mr. A has submitted a Home Loan application to ABHFL for an amount of Rs. 50 lakhs, intending to repay it over a period of 20 years. The following scenarios illustrate the resulting savings vis-à-vis Floating Rate EMI assuming rate increases by 1% p.a. and 1.50% p.a. resp.
Normal Scenario
If Rate increases by 1.00% If Rate increases by 1.50%
Product
Savings P. M. (Rs.)
EMI ( Rs.)
EMI ( Rs.)
EMI ( Rs.) Savings P. M. (Rs.)
Floating Rate
₹
49,082/-
52,463/- ₹
-
54,185/- ₹
-
₹3,424/-
₹1,702/-
2 Yrs. Fixed
50,761/- ₹
50,761/- ₹
50,761/- ₹
Semi Fixed ROI
₹2,208/-
₹3,930/-
3 Yrs. Fixed
50,255/- ₹
50,255/- ₹
50,255/- ₹
₹2,544/-
₹4,266/-
5 Yrs. Fixed
49,919/- ₹
49,919/- ₹
49,919/- ₹
In the event of rate increase, the EMI for Semi Fixed Product remains fixed whereas the EMI for the Floating Rate will vary as per the rate fluctuation.
For a happy home loan journey please contact our Relationship Manager or 1800-270-7000 (toll free)
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