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nri loan in south indian bank |
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Re: nri loan in south indian bank
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) |
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