#1
January 5th, 2017, 12:02 PM
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TL Account In SBI
Hi I have an account in the SBI and I want to have the Term Loan from the SBI so do I need any security?? For what purpose it provide the loan??? Can you tell me the maximum loan I can have?
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#2
January 5th, 2017, 12:26 PM
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Re: TL Account In SBI
Well you don’t have to deposit any sectuity for the Term Loan from the SBI bank The Term Loan min amount is the Rs.24,000/ and maximum is 24 times NMI subject to maximum of Rs 15.00 lacs. Aim for Loan Loans given to the employees of under noted entities balancing salary account with at zero margin, and interest rates with fast and easy processing: Central and state Government Quasi-Government Central PSUs Profit making State PSUs Educational Institutions of National Repute Selected Corporates Requirement for Income Minimum NMI: Rs.7500/- EMI/NMI Ratio should not exceed 50 Repayment Period Min 6 month Maximum 60 months or residual service period whichever is less Other Benefits Zero processing charges; No prepayment penalties Avail Loan up to 90% of the value of your Time Deposit Both Demand Loan and Overdraft Facility as per your need Low interest rates. Further, we charge interest on a daily reducing balance!! |
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