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6th September 2015, 11:00 AM
Super Moderator
 
Join Date: May 2012
Re: Plot Loan Bank of India

As you want to know about eligibility for taking Plot Loan from Bank of India so here I am giving you information about it.

The loan is available at very competitive rates of interest,

Maximum loan amount is Rs.500 lacs and repayment ranges up to 30 years

Eligibility

Candidate must be salaried employees, Professionals, Self-employed persons. Requests are also considered from NRIs, PIOs, HUF, and Prop. Firm, Partnership firms and corporate

Interest Rates of Bank of India:
Tenure Term Interest Rate
Loan Up to 75 lacs 9.95%
Loans Above 75 Lacs 10.20%

For All Loan amounts
: 0.25% of loan amount Min.Rs.1, 000 and Max. Rs.20,000/-

Eligible Quantum of Loan/ EMI:

Calculation of quantum of loan is related to Income/repayment capacity of proponent/borrower

Salaried Employees:

72 times of gross monthly salary or 6 times of gross annual income based on I-T Returns.

Self-employed/ Professionals etc.

6 times of Gross annual income based on I-T Returns

For more details about it here I am attaching word file which is free for download…..
Attached Files
File Type: doc Plot Loan details of Bank of India.doc (48.5 KB, 74 views)


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