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Here, at Siliconindia, we provide you the best deals on loans from the Best Loan Providers in India. Know about the various business and product categories related to home loans, personal loans, mortgage loans, education loans, business loans, construction loans, NRI loans, Car loans and more. Get complete info about the company profile, its products and contact details right here.
 
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Indian Bank

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A premier bank owned by the Government of India
  • Established on 15th August 1907 as part of the Swadeshi movement
  • Serving the nation with a team of over 18782 dedicated staff
  • Total Business crossed Rs.2,49,136 Crores as on 31.03.2013
  • Operating Profit : Rs. 3,061 Crores as on 31.03.2013
  • Net Profit : Rs.1581.13 Crores as on 31.03.2013
  • Core Banking Solution(CBS) in all 2149 branches as on 20/01/2014
International Presence
  • Overseas branches in Singapore , Colombo including a Foreign Currency Banking Unit at Colombo and Jaffna
  • 240 Overseas Correspondent banks in 70 countries
Loan Details

Indian Bank Provides IB Home Loan, Educational Loan, IB Pension Loan etc.

Personal Loan:
Target Group - Central & State Government Pensioners, Family Pensioners, Re-employed Pensioners, Indian Bank Retirees both under VRS and superannuation. Whose Pension SB accounts are maintained at Indian Bank. Amount of Loan - Age Limit (at entry level) Pensioners aged upto 70years - 10 times of monthly pension with a maximum of Rs.3 lakh Pensioners aged above 70years and upto 80 years - 10 times of monthly pension with a maximum of Rs.1,50,000/- Family Pensioners aged upto 70years - 10 times of monthly pension with a maximum of Rs.1,00,000/- Processing fee - Nil up to Rs.25000/- and Rs.250/- for above Rs.25000/-

Home Loan:
Eligibility- Minimum entry age is 18 years and maximum exit age is 60 years Amount of Loan- 6 times of Gross Monthly Income or 60 times of Net Monthly Income whichever is higher. Margin

Education Loan:
Education Loan- Eligibility - The applicant should be an Indian National. He/She should have secured admission to professional/technical courses in India/Abroad through Entrance Test/Merit based selection process. Amount of Loan- For Studies in India- Rs.10.00lakhs and for Studies Abroad- Rs.20.00 lakhs. Higher Quantum of loan subject to a maximum of Rs.15 lakhs for studies in India and RS.25 lakhs for studies abroad also can be considered in deserving and meritorious cases Margin - Upto Rs.4.00 lakhs - Nil. Above Rs.4.00 lakhs-For Studies in India - 5%. For Studies Abroad - 15%. Interest Rates - Please see the Interest Rate link on home page Repayment - Maximum period The loan is to be repaid in 5-7 years after commencement of repayment. Security - Upto Rs.4.00 lakhs - Coobligation of parents. No Security. Above Rs.4.00 lakhs and upto Rs.7.50 lakhs - Coobligation of parents together with collateral in the form of a satisfactory third party guaran. Above Rs.7.50 lakhs - Coobligation of parents together with tangible collateral security of suitable value along with the assignment of future income of the student for payment of instalments.

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