(D) Special concession for new Housing Loans upto Rs. 20.00 lakh under Mahabank Housing Loan Scheme (Sanctions between 16.12.2008 and 30.06.2009): Margin: Category Housing Loans upto & inclusive of Rs. 5/- lakh Housing Loans above Rs 5/- lakhs and upto & inclusive of Rs 20/- lakh For Housing loans above Rs. 20.00 lakh, repairs & renovation and takeover of housing loans from other banks Processing Charges: Category Housing Loans upto and inclusive of Rs. 5/- lakh Housing Loans above Rs 5/- lakhs and upto and inclusive of RS 20/- lakh Processing charges NIL NIL
Margin 10% 15% 25%
For loan above Rs. 20.00 lakh, for repairs & renovation & takeover loans from other banks/Fls, applicable processing fees are as under: Loan Slab Loan upto Rs. 5.00 lakh Loan above Rs. 5.00 lakh and upto Rs. 15.00 lakh Loan above Rs. 15.00 lakh Prepayment Penalty: Category Housing Loans upto and inclusive of Rs. 5/-lakh. Housing Loans above Rs 5/- lakhs and upto and inclusive of Rs 20/- lakh. For Housing loans above Rs. 20.00 lakh, for repairs & renewals & takeovers loans from other bank Prepayment penalty NIL NIL NIL. However, in case of takeover of housing finance by other Banks/Fls prepayment penalty at 2% on outstanding balance be charged and recovered before releasing the charge/paper(s). Processing fees Rs. 1000/Rs.2500/Rs. 5000/-