- 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.
For further details and terms and conditions, please contact us
Tel:(0084 8)38 228 939 – 39 101 266
Fax:(0084 8) 39 246 341
Email:
Boi[dot]hcmvnm[at]bankofindia[dot]co[dot]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
OUR EXCHANGE RATE
