Capital India Home Loan
Capital India Home Loan
Capital India Home Loans Limited (CIHL) was established to help people buy homes with affordable housing loan schemes. Its home loan interest rate starts at 9.00% per annum for floating-rate loans and 11.00% per annum for fixed-rate loans, with a processing fee of up to 4.00% of the loan amount. The maximum loan amount is at the discretion of the lender. Borrowers can apply to buy, extend, improve or renovate a home, or transfer the balance of an existing home loan. Capital India also offers affordable housing to lower-income groups through the PMAY scheme.
Capital India Home Loan
Floating and Fixed Rates Both Available
CIHL prices both, and we model which one actually costs you less over your tenure.
Open to NRIs and PIOs Too
CIHL lends to resident Indians, NRIs and PIOs, and we handle the extra documentation.
Doorstep Guidance
CIHL brings the process to you, and we coordinate the visit so nothing is missed.
One Relationship Manager, Start to Finish
A dedicated BASIC expert handles your file end to end, not a rotating call centre.
Capital India Home Loan EMI Calculator
Your Monthly EMI
₹ 77,530
Total Principal
₹ 1,00,00,000
Total Interest
₹ 86,07,174
Total Payable
₹ 1,86,07,174
Capital India Home Loan Key Highlights
Get the lowest interest rates with Capital India Home Loans
Loan Amount: At the discretion of the lender
Rate of Interest: Starts at 9.00% per annum
Processing Fee: Up to 4.00% of the loan amount
Maximum Tenure for Repayment: 20 years
Rate Packages: Fixed / Floating
Charges for Prepayment/Foreclosure: Floating
nil; Fixed - 2% + GST for closure by balance transfer
Capital India Home Loan Interest Rates
Capital India offers home loans at both fixed and floating rates, and the interest rate varies accordingly. Rates start at 9.00% per annum for floating-rate plans and 11.00% per annum for fixed-rate plans. The table below shows the current range:
| Loan Slab | Interest Rate for Home Loan |
|---|---|
| Floating Plan (For Salaried) | 9.00% - 16.00% per annum |
| Floating Plan (For Self-Employed) | 9.00% - 16.00% per annum |
| Fixed Plan (For Salaried) | 11.00% - 26.00% per annum |
| Fixed Plan (For Self-Employed) | 11.00% - 26.00% per annum |
Capital India Home Loan Eligibility Criteria
An applicant must meet certain eligibility criteria for a home loan to be approved by any bank or NBFC. These are general parameters based on age, nationality, work experience, employment and CIBIL score. The table below sets out the Capital India criteria:
For Salaried Individuals
Nationality
Indian residents, NRIs and PIOs
For Self-Employed Individuals
Nationality
Indian residents, NRIs and PIOs
Capital India Home Loan Processing Fee and Charges
Processing each home loan application incurs a cost, so the NBFC charges a processing fee of up to 4.00% of the loan amount. Besides this, CIHL charges a set of fees for other services. The table below sets them out:
| Processing Fee | Up to 4.00% of the loan amount |
| Loan Agreement and Document Retrieval Charges | Rs. 2,000 per instance |
| Charges for Providing a List of Documents (LOD) | Rs. 500 per instance |
| Swapping Charges | Rs. 1,000 |
| Cheque Bounce / NACH Rejection Charges | Rs. 500 per instance |
| Statutory Charges / CERSAI | Loans up to Rs. 5 lakh: Rs. 50 per filing; loans above Rs. 5 lakh: Rs. 100 per filing |
| Loan Cancellation Charges | Rs. 10,000 per contract |
| Legal Charges | As per the contractual rate for overdue amounts after the 30-day grace period |
| Late Payment Charges | 2.00% per month over and above the prevailing rate of interest |
| Rate Switch Charges | Rs. 5,000 |
| Foreclosure Charges | Floating: nil; Fixed: 2% + GST for closure by balance transfer |
Capital India Home Loan Schemes and Top Plans
Different borrowers have different needs, and Capital India Home Loans offers a range of housing loan schemes to meet them. Listed below are the popular plans:
- Best suited to buying a ready-to-move-in or under-construction property
- Available to salaried, self-employed, professional and non-individual applicants
- Tax benefits under Sections 24 and 80C of the Income Tax Act
- A convenient solution for existing homeowners to renovate or repair their home
- Low interest rates and a faster turnaround time
- Tax benefits under Sections 24 and 80C of the Income Tax Act
- For extending an existing home by adding a room, floor or balcony
- Up to 90% of the extension cost can be granted as a loan
- Tax benefits under Sections 24 and 80C of the Income Tax Act
- Customised scheme for NRIs to buy property in India
- Attractive interest rates and easy documentation
- Flexible repayment through NRO, NRE, NRNR and FCNR accounts
- Flexible way to transfer the outstanding amount of an existing home loan to Capital India
- Additional top-ups available
- Helps improve cash flow by reducing your EMIs
- Affordable housing scheme for lower-income and middle-income groups
- Subsidies available on home loans
- One woman applicant is mandatory to avail the PMAY subsidy
- Maximum repayment tenure of up to 20 years
* Note: All of the above home loan plans are made available to applicants solely at the discretion of Capital India Home Loans, taking into consideration the earning and repayment capacity of the applicant.
Documents Required for Capital India Home Loan
Before you apply for a home loan from CIHL, it helps to know exactly what to submit with the application form. Here is the complete list of documents required:
| Proof of Income |
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| Other Required Documents |
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| Proof of Income |
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| Other Required Documents |
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| Identity & Address Proof |
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| Documents Related to Property |
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Apply for a Capital India Home Loan Through BASIC Home Loan
You need not step out of your home to apply for a CIHL home loan. Follow these steps:
Apply Now on the BASIC Website
Head to the APPLY NOW section on the BASIC Home Loan website.
Share Your Requirement
Enter your name, contact number, loan amount and pincode, then submit the form.
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