Home Loan Interest Rates In South Indian Bank

I am planning to open an account in the South Indian Bank Ltd. dor taking the home loan want to know details about this. Will you please tell me what the Home Loan Interest Rates In South Indian Bank and provide me contact details for doing the enquiry?

[Kiran Chandar]

As per your request here I am providing you the details of Home Loan Interest Rates In South Indian Bank. Please find the below details:

Purpose of the loan:

Purchase of Flat or House
Construction of Flat for own use or House
Purchasing land & constructing a House #
For major repair, renovation, extension or improvement of flat or house.
Takeover of Housing loans from other banks & reputed housing finance companies.
Reimbursement of investments already made by the borrower provided the investment has taken place within one year.

Eligible loan amount : 50 times average monthly remittance made by the borrower from abroad for credit to his / her NRE account with any bank in India, for a minimum period of 12 months, excluding bulk remittances, if any.

Quantum of loan : Maximum Rs.1.00 crore;

For renovations/additions/major
repairs/ improvements etc. : Maximum Rs.10 lacs

Minimum project cost : Rs.10 lacs

Home loan interest rate:

1 Housing Loan - Salaried Class
BR+0.30%

2 Housing Loan - Business People
BR+0.30%

3 Housing Loan - Next Generation
BR+0.30%

4 Housing Loan - NRI's
BR+0.30%

5 Housing Loan - Agriculturist
BR+0.30%

6 Housing Loan - Senior Citizen
BR+0.30%

7 Housing Loan - Reimbursement for all Categories
BR + 1.30%

8 Housing loan Priority sector
BR+0.30% - 0.30% (Presently 10.00%)

Contact:

South Indian Bank Ltd.
Head Office
T.B Road, Mission Quarters, Thrissur 680 001,Kerala, India
Telephone Nos : +91-487-2420020, 2420058, 2420113
Email: sibcorporate@sib.co.in