ING VYSYA also offers home loans among other loans. It offers home loans for a maximum of 20 years repayment tenure for its customers. Your age should be minimum of 23 years to take the loan at the time of loan start and a maximum of 65 years at the time of the maturity of the loan. There is also an option of making someone a co-applicant of the loan without him/her being the owner of the property.
The loan amount can be a maximum of 80% of the value of the property you want to buy from the loan which should be between 3 lakhs to 1 crore. Everyone who is salaried, self-employed is eligible for the loan for any kind of property approved by the bank according to their income status and credit history.
A processing fees of 0.5% of the total amount of loan sanctioned plus service tax and cess is charged by the bank. A prepayment charges of 2% of the outstanding loan amount are levied by the bank. A floating interest rate of 10.75% is charged by the them on loan.