[nilesh]

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Hii sir, I Wants to get the Information About the NRI Personal Loan of the South Indian Bank Will you Please Provide It ?

[prince karak]

South Indian Bank Limited is a major private sector bank headquartered at Thrissur in Kerala, India.

NRI Personal Loan

For meeting personal / family finance requirements including expenses towards purchase of household articles / white goods/ electronic/ computer equipments, peripherals/ expense for medical treatment/ inland or foreign leisure travel/ inland or foreign business travel / travel abroad on employment contract.

Max. Quantum 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. 10.00 lacs.

Security
i. For SB account holders whose salary is credited to the account : Third party guarantee optional

ii. For persons going abroad on employment :
Up to Rs 3.00 lac - one guarantor.
Above Rs 3.00 lac - Property/ acceptable collateral security for 125% of loan amount.

Upfront Fee
One-time upfront fee 0.50% of the loan amount

Repayment period
Maximum 48 months (EMIs)