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January 22nd, 2016, 04:45 PM
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Join Date: Mar 2012
Personal Loan NRI

Hey buddy can you please get the details about the Personal Loan for NRI offer South Indian Bank so that I can also apply for it?

I will help you here to get the details about the Personal Loan for NRI offer South Indian Bank so that you can have idea about it.

Personal of South Indian Bank can be sectioned for 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.

Max. Quantumn of Loan: 50% of the average annual remittance to their NRI account /spouse’s domestic account (excluding bulk remittance) subject to a maximum loan of Rs. 3.00 lacs.

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 NW not less than thrice the loan amount.


South Indian Bank Interest Rates of Loan






Address:-
South Indian Bank
T.B Road, Mission Quarters, Thrissur 680 001,Kerala, India

Phone:-
+91-487-2420020, 2420058

Last edited by Neelurk; May 14th, 2020 at 01:02 PM.
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