CSB Bank Home Loan
Last Updated : Nov. 27, 2019, 5:31 p.m.
About CSB Bank Home Loan
CSB Bank, formerly known as Catholic Syrian Bank offers house loan facilities to needy individuals or a group of individuals for the purpose of purchase of a new/existing house/flat. Whether you are looking for construction, extension or renovating your home, CSB bank home loan incorporates them all. Home loans are available up to ₹ 30 lakhs and above for a maximum period of 20 years at the floating interest rates ranging from 8.80% to 9.05% per annum.
CSB Bank Home Loan Details
| Particulars | Description |
|---|---|
| Interest Rate | For Loans upto ₹ 75 lakh - 8.80% per annum |
| For Loans above ₹ 75 lakhs - 9.05% per annum | |
| Loan Amount | Upto Rs. 30 lakhs and above |
| Tenure | Up to 20 years |
| Age Ceiling | Salaried : Superannuation |
| Others : 65 years | |
| Processing Fees | Upto 0.50% |
| Pre-payment or Foreclosure | NIL |
| Security | Mortgage of land and building to be constructed / purchased. |
| Repayment Holiday | Maximum upto 12 months |
| Loan Margin | 75 % of construction / purchase cost OR Loan Eligibility whichever is lower. |
| Applicable to : | Salaried employees and self-employed professionals |
How to Use the Home Loan Eligibility Calculator?
Know your eligibility towards repayment of your EMI. Just enter the below details in the CSB Bank Home Loan Eligibility Calculator and know about the loan amount for which you are eligible in a few easy steps.
- Your monthly income
- Tenure
- Expected interest rate
- Existing Liabilities
Let us understand with the help of a simple example:
Suppose you are working in a reputed MNC and earning a monthly salary of ₹ 55,000. From your total salary, you wish to save ₹ 10,000 for repaying it towards your EMI. Normally, banks disburse higher loan amounts in the form of EMIs that falls in the range of 50% – 60% of your net salary intake. Let’s find out how the calculator will compute your per lakh EMI.
Amount- ₹ 100,000
Rate of Interest- 8.80% – 9.05% per annum
Loan Tenure- 15 Years
Per Lac EMI- ₹ 1,002 – ₹ 1,017
Loan Amount Eligibility- ₹ 100,000 x savings/per lac EMI
– ₹ 100,000 x 10,000/1002 = ₹ 9.98 lacs(approx.)
– ₹ 100,000 x 10,000/1017 = ₹ 9.83 lacs(approx)
So, the expected home loan amount from would be ₹ 9.83 lakhs to ₹ 9.98 lakhs (approx.)
How to Use Home Loan EMI Calculator?
CSB Bank Home Loan EMI Calculator is easy and quick to calculate and it also can be used by even a layman. Just fill the details such as loan amount, the number of months and interest rate applicable on your loan. You may get actual EMI value as a result that is required to be payable for your home loans availed from CSB Bank.
For example, You are interested in availing a loan amount of ₹ 25 lakhs repayable after 15 years at varying interest rates being 11.50% -12.50% per annum. The following table gives you details on your calculated EMI along with interest and the total amount that costs you against your sanctioned home loan.
Table showing EMI, interest outgo and the total amount payable on your home loan:
| Loan Amount (in Rs.) | Loan Tenure (in years) | Interest Rate (% p.a.) | EMI ( in Rs.) | Total Interest Outgo (in Rs.) | Total Amount (EMI+Interest) (in Rs.) |
|---|---|---|---|---|---|
| 2500000 | 1 | 11.50% -12.50% | 2,21,538-2,22,707 | 1,58,452-1,72,486 | 26,58,452-26,72,486 |
| 2500000 | 2 | 11.50% -12.50% | 1,17,101-1,18,268 | 3,10,419-3,38,438 | 28,10,419-28,38,438 |
| 2500000 | 3 | 11.50% -12.50% | 82,440- 83,634 | 4,67,841-5,10,826 | 29,67,841-30,10,826 |
| 2500000 | 4 | 11.50% -12.50% | 65,223-66,450 | 6,30,681-6,89,600 | 31,30,681-31,89,600 |
| 2500000 | 5 | 11.50% -12.50% | 54,982-56,245 | 7,98,891-8,74,691 | 32,98,891-33,74,691 |
| 2500000 | 6 | 11.50% -12.50% | 48,228-49,528 | 9,72,408-10,66,012 | 34,72,408-35,66,012 |
| 2500000 | 7 | 11.50% -12.50% | 43,466-44,803 | 11,51,157-12,63,460 | 36,51,157-37,63,460 |
| 2500000 | 8 | 11.50% -12.50% | 39,948-41,322 | 13,35,050-14,66,914 | 38,35,050-39,66,914 |
| 2500000 | 9 | 11.50% -12.50% | 37,259-38,669 | 15,23,988-16,76,239 | 40,23,988-41,76,239 |
| 2500000 | 10 | 11.50% -12.50% | 35,149-36,594 | 17,17,863-18,91,285 | 42,17,863-43,91,285 |
| 2500000 | 11 | 11.50% -12.50% | 33,459-34,939 | 19,16,556-21,11,892 | 44,16,556-46,11,892 |
| 2500000 | 12 | 11.50% -12.50% | 32,083-33,596 | 21,19,940-23,37,886 | 46,19,940-48,37,886 |
| 2500000 | 13 | 11.50% -12.50% | 30,948-32,494 | 23,27,879-25,69,088 | 48,27,879-50,69,088 |
| 2500000 | 14 | 11.50% -12.50% | 30,001-31,579 | 25,40,233-28,05,307 | 50,40,233-53,05,307 |
| 2500000 | 15 | 11.50% -12.50% | 29,205-30,813 | 27,56,854-30,46,349 | 52,56,854-55,46,349 |
Amortization Table
| Year | Principal(in Rs.) | Interest(in Rs.) | Balance Amount (in Rs.) |
|---|---|---|---|
| 1 | 60,651-66,389 | 284,071-309105 | 2,433,611-2439349 |
| 2 | 68,683-74,437 | 276,023-301073 | 2,359,174-2370666 |
| 3 | 77,780- 83,462 | 266,998-291976 | 2,275,712-2292886 |
| 4 | 88,078-93,585 | 256,875-281678 | 2,182,127-2204808 |
| 5 | 99,742-104,931 | 245,529-270014 | 2,077,196-2105066 |
| 6 | 112,948-117,657 | 232,803-256808 | 1,959,539-1992118 |
| 7 | 127,904-131,923 | 218,537-241852 | 1,827,616-1864214 |
| 8 | 144,841- 147,917 | 202,543-224915 | 1,679,699-1719373 |
| 9 | 164,021- 165,857 | 184,603-205735 | 1,513,842-1555352 |
| 10 | 185,740-185,967 | 164,493-184016 | 1,327,875-1369612 |
| 11 | 208,517-210335 | 141,943-159421 | 1,119,358-1159277 |
| 12 | 233,803-238187 | 116,657-131569 | 885,555-921090 |
| 13 | 262,152-269724 | 88,308-100032 | 623,403-651366 |
| 14 | 293,942-305442 | 56,518-64314 | 329,461-345924 |
| 15 | 329,737-346242 | 20,875-23868 | 0 |
Documents required for CSB Bank Home Loan
| Salaried Individuals | Self-employed |
|---|---|
| Application form duly filled-up with photograph affixed on the space provided for the purpose. | |
| Identity Proof (Aadhaar Card, PAN Card or Election Identity Card), age proof, residence proof. | |
| Copies of the Bank Account Statements for the last six months of all the Bank Accounts including loan accounts/OD Accounts, if any. | |
| Salary slips for the latest three months along with CTC letter. | Copies of the Income-tax Returns for the last 3 years along with financial statements, such as P&L Account and the Balance Sheet for the last three years with tax audit compliance report (wherever applicable) duly certified by the Chartered Accountants. |
| Form No 16 along with IT returns and computation for total income for the last three years. | Business Profile. |
What are the Features and Benefits of Home Loan from CSB Bank?
- Attractive Interest Rates
- Quick and transparent processing
- Speedy disbursement of loans
- Quick sanction process
- Totally Hassle-free norms
How can you contact the Customer Care of CSB Bank?
Are you facing any difficulties relating to the availability of loan amount, tenures, interest rates or documentation processes? Contact a committed experienced customer care representative of the CSB Bank on 1800-266-9090 (Toll-free number) and get your queries resolved.
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