Interest rate on home loan vary depending on the CIBIL score.CIBIL Score 750-800: For CIBIL scores for 750-800 and above, the effective rate without concession is 9.15% (EBR+ 0 %), the effective rate during the offer period is 8.60%, a concession of 55 bps.
CIBIL Score 700 -749: For home loan borrowers with CIBIL score between 700 -749 will get a 65 bps concession and interest rate offered is 8.70% (EBR-0.45%), as effective rate without concession is 9.35%.
CIBIL Score 650 – 699: For home loan borrowers with CIBIL score between 650 – 699 will get no concession and interest rate offered is 9.45% (EBR-0.30 %) and 9.65% for CIBIL Score between 550 – 649 (EBR+0.50 %).
CIBIL Score 151-200: For home loan borrowers with CIBIL score between 151-200 will get a 65 bps concession and interest rate offered is 8.70% (EBR-0.45%), as effective rate without concession is 9.35%.
