#1
26th June 2015, 11:13 AM
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South Indian Bank Business Loan
I have a business of Import and Export in India and I have decided to take business loan for it. Would you tell me what are the Schemes for business / profession Loan in South Indian Bank? Tell me what will be the Minimum and Maximum quantum of loan? Can I get Group loan also?
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#2
16th December 2015, 10:35 AM
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Re: South Indian Bank Business Loan
Hii Guys , I want to Get Business Loan from South Indian Bank for it Will you please give me general information for same ?
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#3
16th December 2015, 10:38 AM
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Re: South Indian Bank Business Loan
Friend for your Help ,Here I am Sharing South Indian Bank Business Personal Loan Scheme Details : Maximum Quantum of loan Maximum Rs. 3.00 lacs subject to the following : Salaried Persons : 15 times of the monthly net salary excluding the proposed loan deductions subject to a maximum of Rs.3.00 lacs Persons engaged in business/profession and filing IT Returns :Equal to the annual income declared as per the latest IT Return (without considering capital gains) subject to a maximum of Rs.3.00 lacs. Persons travelling abroad on employment contract : 75% of total expenses / 5 times of monthly salary whichever is lower as per contract terms subject to a maximum loan of Rs. 3.00 lacs. Mode of Disbursement By credit to the SB/CD account of the borrower In the case of NRIs, by credit to NRO account only . Upfront fee One-time upfront fee 0.50% of the loan amount Repayment period : Maximum 48 months(EMIs). In the case of group loans, single monthly payment covering the total monthly instalments of all members of the group to be obtained from the institution. SIB Personal Business Loan Application Form |