Purpose: This loan can be taken for any purpose. Eligibility: Any salaried individual, professional or self employed individual can avail this loan. Quantum of loan: Maximum amount of this personal loan that could be attained is Rs. 10 lakhs. Margin: There is a margin of 35%. Rate of Interest: The rate of interest is 10%… Read More »
Purpose: This loan can be taken for personal purpose. Eligibility: Any salaried individual can take this loan (businessman, employed, self employed or professional) on mortgage of property. Margin: There is a margin of 20%. Rate of Interest: The rate of interest is 10.5% per annum. Repayment: Period of loan could be up to 5 years.… Read More »
Purpose: This loan is for those who are self employed and professionals like Doctors, Lawyers, Teachers, Chartered Accountants, etc. Eligibility: Any professional or self-employed person can avail this loan. Margin: There is a margin of 20%. Rate of Interest: The rate of interest of this personal loan is 10.5% per annum. Repayment: The repayment period… Read More »
Purpose: This loan finances businessmen and industrialists for plant machinery, fixed assets, cash credit, overdraft, working capital term loan, cash purchase cum credit sales, etc. Quantum of loan: The quantum of loan varies with the category to which the loan belongs. Margin: There is a margin of 20% in the amount of personal loan granted.… Read More »
Purpose: This loan finances purchase of consumer items like TV, Washing Machine, Refrigerator, AC, etc. Eligibility: Any salaried individual, professional, businessman or self-employed individual can avail this loan. Margin: Up to a maximum of 70% of the total expenses will be granted as loan. Rate of Interest: The rate of interest is 14% per annum.… Read More »
Purpose: This loan finances both personal (two-wheeler/ four-wheeler) and commercial vehicles. Eligibility: Salaried Individuals, Professionals, Self Employed Individuals, Businessman are eligible for this car loan. Quantum of loan: Up to a maximum of Rs. 15 lakh is granted as loan. Margin: Only 80% of the total cost is granted as loan. Rate of Interest: The… Read More »
Purpose: To provide financial assistance for Graduate/Post Graduate professional course in private professional colleges and universities (medical, engineering, management, computer science etc.) Eligibility: Students having consistently good academic record, who have secured admission in College/University against merit or payment seat can avail this loan. The college and the course must be affiliated to the university… Read More »
A recent press report said that YES bank, an India-based banking company engaged in providing a wide range of banking and financial services, has signed a Memorandum of Understanding(MoU) with Dewan Housing Finance Corporation Limited (DHFL), a leading housing finance group for distribution of Home Loans to all YES BANK customers. Initially, it has been… Read More »
A recent press report said that Public sector lender, UCO Bank, is eyeing a 20 per cent growth in its business and a reduction in its non-performing assets (NPAs) to less than 3 per cent this fiscal. Mr. Arun Kaul, Chairman and Managing Director of the bank said that they have planned to grow their… Read More »
A recent press report said that Kotak Mahindra Bank has posted a net profit of Rs 249 crore for the quarter ended March 31, 2010, up 23 per cent from Rs 203 crore in the corresponding year-ago period. Reports said that the growth in its profit was due to the higher interest income and lower… Read More »