• Marriage expenses of self, son, daughter or a dependent near relative.
  • Medical Expenses incurred/to be incurred for self, spouse, children, dependent near relative
  • For education of self/spouse/ children/ near dependent relatives
  • For repairs/ renovation/ extension of existing house/flat.
  • Any other personal expenses of bonafide nature as approved by the Bank

Product Features

  • High net worth individuals are eligible for availing personal loan.
  • Quantum of loan will be determined at 10 times of monthly net Emoluments(take home pay) in case of salaried Employees and that of 50% of Gross Annual Income as per last Income Tax Returns for professionals/individuals of high net worth
  • Flexible Loan tenor for a period up to 3 years for clean loan and 5 years for secured loan
  • Highly competitive interest rate.
  • Interest is calculated on daily balance basis which is of great advantage to customer as it results in lower interest amount.
  • Prepayment fee is to be levied if Loan is repaid after initial 12 months.
  • Simplified application form/procedures for convenience of customers, and speedy approvals

Secured Loans

  • Repayment of existing housing loans from other banks/Financial Institutions, etc
  • Repairs/ Renovation/ Extension of House property. Education of self, spouse, children, near dependent relatives.
  • Purchase of consumer durables, computers, professional equipment’s etc.

  • Application form.
  • Identity Card/Passport or legal documents.
  • Documents evidencing income.
  • Land/property related documents.
Loan Application Form
Download

For further details and terms and conditions, please contact us

(0084 8)38 228 939 – 39 101 266
(0084 8) 39 246 341
Boi.hcmvnm@bankofindia.co.in
Branch Timing:
8:30am to 5:30pm Monday to Friday (excl. public holidays)
Business hours
8:30am to 4:30pm Monday to Friday (excl. public holidays)
Bank code in Vietnam: 79659001
SWIFT code: BKIDVNVX

 
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