Our Government Sponsored Loan addresses the needs of low-income households by providing loan solutions with low interest rates and a grant element by the government.
Government Sponsored Loan 6.5%* p.a
Our Government Sponsored Loan addresses the needs of low-income households by providing loan solutions with low interest rates and a grant element by the government.
Government Sponsored Loan 6.5%* p.a
* conditions apply
- 1st 5 years | : | 6.5%* p.a. |
- 6th to 10th year | : | 8% p.a. |
- Remaining term | : | 10% p.a. |
Loan Amount |
Govt Grant |
Net Amount |
Term |
Rate of Interest and Monthly Equated Payment* (MEP) |
||
(Rs) |
(Rs) |
(Rs) |
(years) |
1st to 5th yr at 6.5% p.a. |
6th to 10th yr at 8% p.a. |
remaining period at 10% p.a. |
50,000 |
10,000 |
40,000 |
15 |
349 |
372 |
390 |
20 |
299 |
327 |
356 |
|||
25 |
271 |
303 |
340 |
|||
100,000 |
20,000 |
80,000 |
15 |
697 |
745 |
780 |
20 |
597 |
654 |
713 |
|||
25 |
541 |
606 |
681 |
|||
250,000 |
33,000 |
217,000 |
15 |
1,891 |
2,020 |
2,115 |
20 |
1,618 |
1,775 |
1,934 |
|||
25 |
1,466 |
1,644 |
1,848 |
|||
325,000 |
33,000 |
292,000 |
15** |
2,544 |
2,718 |
- |
20 |
2,178 |
2,388 |
2,601 |
|||
25 |
1,972 |
2,212 |
2,487 |
*MEPs exclude Insurance Premiums
**MEP figures not available as MEPs exceed repayment to income of 33%
For more details regarding your request please contact us on 405 5555 or call our nearest branch
* conditions apply
- 1st 5 years | : | 6.5%* p.a. |
- 6th to 10th year | : | 8% p.a. |
- Remaining term | : | 10% p.a. |
Loan Amount |
Govt Grant |
Net Amount |
Term |
Rate of Interest and Monthly Equated Payment* (MEP) |
||
(Rs) |
(Rs) |
(Rs) |
(years) |
1st to 5th yr at 6.5% p.a. |
6th to 10th yr at 8% p.a. |
remaining period at 10% p.a. |
50,000 |
10,000 |
40,000 |
15 |
349 |
372 |
390 |
20 |
299 |
327 |
356 |
|||
25 |
271 |
303 |
340 |
|||
100,000 |
20,000 |
80,000 |
15 |
697 |
745 |
780 |
20 |
597 |
654 |
713 |
|||
25 |
541 |
606 |
681 |
|||
250,000 |
33,000 |
217,000 |
15 |
1,891 |
2,020 |
2,115 |
20 |
1,618 |
1,775 |
1,934 |
|||
25 |
1,466 |
1,644 |
1,848 |
|||
325,000 |
33,000 |
292,000 |
15** |
2,544 |
2,718 |
- |
20 |
2,178 |
2,388 |
2,601 |
|||
25 |
1,972 |
2,212 |
2,487 |
*MEPs exclude Insurance Premiums
**MEP figures not available as MEPs exceed repayment to income of 33%
For more details regarding your request please contact us on 405 5555 or call our nearest branch