Life insurance is a contract between an insurance policyholder and an insurer or assurer, where the insurer promises to pay a designated beneficiary a sum of money in exchange for a premium, upon the death of an insured person (often the policyholder). Depending on the contract, other events such as terminal illness or critical illness can also trigger payment. The policyholder typically pays a premium, either regularly or as one lump sum.
Adorable Economics Solution Pvt. Ltd. is an industry leader in helping develop and implement a comprehensive Life insurance strategy that enables insurers to continuously adapt to and profit from disruption.
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| Bank Name | up to 30 lacs | 30-75 lacs | 75 lacs & above |
|---|---|---|---|
| HDFC | 9.75% – 10.50% | 9.75% – 10.50% | 9.75% – 10.50% |
| Ing vysya | N.A | N.A | N.A |
| ICICI Bank | 11.35% | 11.35% | 11.35% |
| Axis Bank | 11.00% – 12.10% | 11.00% – 12.10% | 11.00% – 12.10% |
| Indiabulls | 10.60% – 14.50% | 10.60% – 14.50% | 10.60% – 14.50% |
| Bank Name | Loan to Property Value | Interest Rates | MCLR Rates | Processing Fee |
|---|---|---|---|---|
| State Bank Of India (SBI) | 75% – 90% | 7.90% – 8.45% | 7.80% | 0.35% + GST, Nil for Govt Employees |
| United Bank of India | 75% – 80% | 8.00% – 8.15% | 8.60% | N.A |
| HDFC Ltd | 75% -80% | 8.00% – 8.45% | 16.60% | Rs 10,000+ AT or 0.25% + AT ( Which ever is lower) |
| Bank of India | 75% – 85% | 8.10% – 8.40% | 8.55% | Nil |
| LIC Housing | 8.10% – 8.95% | 14.60% | Upto 0.50% of the loan amount or Rs.2,000 whichever is higher, plus applicable taxes. | |
| Vijaya Bank | Upto 80% | 8.15% – 8.65% | 8.55% | N.A |
| Bank of Baroda | 75% – 90% | 8.15% – 9.15% | 8.55% | Upto 0.5 % of loan amount + GST |
| Indian Bank | 80% – 90% | 8.20% – 8.55% | 8.60% | Nil |
| IDBI | 75% – 90% | 8.25% – 8.60% | 8.85% | Nil |
| ICICI Bank | Upto 85% | 8.25% – 8.70% | 8.75% | 0.50% Or 10,000 + GST , whichever is higher. |
| Allahabad Bank | 75% – 80% | 8.25% – 8.85% | 8.45% | Nil |
| Citibank | 75% – 80% | 8.50% | 8.45% | 0.5% + ST or Rs 25,000 + ST (whichever is higher) |
| AXIS Bank | 75% – 85% | 8.55% – 9.20% | 8.70% | Up to 1% of the Loan amount subject to minimum of Rs.10,000/- |
| UCO Bank | 75% – 80% | 8.70% – 8.95% | 8.55% | Nil |
| PNB Home Loan | 75% – 80% | 8.75% – 8.85% | 8.45% | 0.35% of the loan amount Minimum- Rs. 2,500/- Maximum- Rs. 15,000/- |
| Indiabulls Housing Finance Limited | 75% – 80% | 8.80% – 12.00% | 9.50% | Nil |
| Union Bank of India | 65% – 80% | 8.85% – 8.95% | 8.65% | 0.50% of loan amount subject to a maximum of 15000 + GST |
| Kotak Bank | up to 90% | 8.90% – 9.25% | 8.65% | Nil |
| PNB Housing Finance | 75% – 80% | 8.95% – 9.45% | 8.45% | Rs. 5000 (Application fee) |
| Bajaj Finserv | 75% – 80% | 9.05% – 11.15% | Nil | |
| Federal Bank | Upto 85% | 9.10% – 10.00% | 8.95% | N.A |
| Standard Chartered | Upto 80% | 9.41% | 8.90% | Nil |
| DHFL | 80% – 85% | 9.75% | 18.82% RPLR | Upto Rs. 20,000 + document charges + GST |
