The bank offers personal loans for meeting personal / family finance requirements including expenses towards purchase of household articles/ white goods / electronic / computer equipments, peripherals/ expenses for medical treatment / inland or foreign leisure travel / inland or foreign business travel / travel abroad on employment contract.
Highlights
Salaried
Self Employed
Loan Scheme
SIB Personal Loan Scheme
SIB Personal Loan Scheme
Loan Type
Term Loan
Term Loan
Loan Amount
Min. - Rs 10000
Max. - Rs 300000
Min. - Rs 10000
Max. - Rs 300000
Tenure
Min. - 12 months.
Max. - 48 months.
Min. - 12 months.
Max. - 48 months.
Interest Rate
Min. - 15 %
Min. - 15 %
Fees & charges
Fees & charges
Salaried
Self Employed
Comment on Charges
upfront fees- 0.50%
upfront fees- 0.50%
Security
Security
#For doctors( as mentioned earlier) and (b) SB account holders whose salary is credited to the account :Guaranty optional
#For persons going abroad on employment Up to Rs. 1.00 lac – one guarantor.Above Rs.1.00 lac – Property / acceptable collateral security for 125% of loan amount
#For others- at least one guarantor having Net Worth not less than thrice the loan amount.