Features: The bank offers personal loans to salaried as well as self-employed individuals. The loan can be used to buy consumer goods such as electrical and electronic goods, metal and wooden furniture. Electrical and electronic goods would include items such as Computer, TV, VCR, Washing Machine, Fax Machine, etc. One can get up to 5 times the gross monthly salary. The maximum loan repayment tenure is 36 months.
|
 |
 |
|
 |
|
Details of Bank |
|
 |
Indian Overseas Bank (for Salaried) |
|
|
Processing Fee: |
Rs 140 to Rs 170 |
|
|
Prepayment Charges: |
1% of outstanding amount |
|
|
Guarantor: |
Yes |
|
|
Collateral: |
No |
|
 |
|
|
 |
|
Personal Loan Comparator