South Indian Bank Land Loan

Will you please provide detailed information about the Home Loans / land loan of South Indian Bank ? Also provide the interest rates .

[Quick Sam]

South Indian Bank was established in the year 1929. The head quarter is located at Thrissur City, Kerala, India .

Home Loans / land loan details --

Purpose of the loan:

• Purchase of Flat or House
• Construction of Flat for own use or House .
• Takeover of Housing loans from other banks & reputed housing finance companies.
• Purchasing land & constructing a House .
• For major repair, renovation, extension or improvement of flat or house.

Quantum of loan : Maximum Rs.1.00 crore.

Category Interest rate

Housing Loan - Salaried Class BR+0.30%

Housing Loan - Business People BR+0.30%

Housing Loan - Next Generation BR+0.30%

Housing Loan - NRI's BR+0.30%

Housing Loan - Agriculturist BR+0.30%

Housing Loan - Senior Citizen BR+0.30%

Housing Loan - Reimbursement for all Categories BR + 1.30%

Housing loan Priority sector BR+0.30% - 0.30% (Presently 10.20%)

Hey my name is vishal and I am working in TCS india . I am planning to take Land loan from south Indian bank.how much loan amount I can take form the bank?

[pawan]

South Indian Bank Limited is a private sector bank and it has headquartered at Thrissur City in Kerala, India. South Indian Bank has 897 branches, 4 service branches,27 ext. counters and 20 regional offices situated over more than 26 states and 3 union territories in India.
As per your query we are providing the information about loan amount for salary class person(as you are working in MNC company)
Target Group Employees of MNCs, State/Central Govt, IT Companies etc
Eligible Loan Amount 60 times of Net Monthly Income
Period of Repayment 30 years/Till 75 years of age
Here we are listi ng you some of the general term and conditions:
Margin 10 to 25 %
Primary Security Residential property being financed
Holiday Period 3 to 36 months ( as applicable)
Upfront Charges Maximum Rs 10000/-
Primary Security Residential property being financed
Co-Borrower Spouse
Guarantor Close Relative(if their income is also taken into account)

For salary class housing Loan is BR+0.30