IB Home Loan Combo
Eligibility | Individuals including Joint borrowers who have
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Benefits | Under the package the borrower is entitled for any one or more of the following loans, with concessional interest rate and processing charges provided he / she is otherwise eligible as per the individual loan products subject to repayment capacity and other eligibility criteria.
* IB Vehicle Loan (Both 4 wheeler and 2 wheeler) * IB Clean Loan (to Salaried Class) * IB Pension Loan * IB Home Improve |
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Applicable
Interest Rates and Processing charge concessions |
Product | Concession in Interest rate | Concession in Processing charge. |
IB Vehicle loan | 0.50 % from the applicable card rate of the respective period | 50 % on applicable Processing charges of the respective product. | |
Salary Loan | |||
IB Pension loan. | |||
IB Home Improve | NIL | 50 % on applicable Processing charges of the respective product. | |
Security | * The security prescribed for the individual loan products are to be offered * Equitable Mortgage taken for the Home Loan should be extended to cover the other loan/s sanctioned under the package. CERSAI registration (at Applicant’s cost) to be done |
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Other Requirements/Details | * All other terms and conditions laid down as per the individual loan products should be complied with. * The Home Loan borrowers can avail any one or more of the above products subject to fulfilling repayment capacity for servicing existing loan liability/ies and the proposed loan liability/ies |
( Last modified on May 09, 2022 at 06:05:46 PM )