Indian Bank Personal Loan India
 

What is current interest rate at Indian Bank of personal loan for Plot loan? Give me some details about this loan?

Re: Indian Bank Personal Loan India
 

Here is some details about Indian Bank Personal Loan for Plot Loan:

Eligibility: Minimum age is 18 years and maximum age is 60 years
Amount of Loan : 30 times of Gross Monthly Income;
The cap on Plot Loan per borrower has been fixed as under:
For purchase of property in Rural area : Rs. 50.00 lakhs
For purchase of property in Urban area : Rs. 200.00 lakhs
For purchase of property in Metro : Rs. 300.00 lakhs.
For purchase of property in Semi-urban area : Rs. 100.00 lakhs

Margin: 25% on Land cost

Processing fee: 1.15 % on Loan amount

Base Rate is 10.50 % p. a. with effect from 01.05.2012

Benchmark Prime Lending Rate is 14.75 % p. a. with effect from 01.05.2012.