Bonanza for Home Loan and
Car Loan Aspirants (for fresh loans)
Festival
Offer Period: 20th August, 2009 to 31st March,
2010
Special interest rates: Applicable
for the first three years of the Loan Period, besides
reduced margin:
Home Loan (Festival Offer- 2009)
Festival Offer Rate of Interest
| Home Loans (sanctioned between 20.08.2009 and 31.3.2010) |
Limits Upto Rs 20 Lakhs |
Limits above Rs 20 Lakhs & upto Rs 30 Lakhs |
Limits above Rs 30 Lakhs & upto Rs 50 Lakhs |
Limits above Rs 50 Lakhs & up to Rs.2 Crore |
| First 3 years |
8.25% (Fixed) |
8.50% (Fixed) |
9.00% (Fixed) |
9.25% (Fixed) |
| 4th year onwards |
Floating (Home Loan / Plot Loan / Home Improve Loan) rates as per the existing
interest structure (prior to the Festival Offer)
for the original sanctioned limit & total
tenure of Loan. |
Margin on Home Loans (for construction
or purchase of house / flat):
(Applicable for the Festival Offer period of 20th
August 2009 to 31st March 2010)
For Home Loans with limit upto Rs. 30 lakhs :
15 %
For Home Loans with limit above Rs. 30 lakhs :
20 %
Car Loan (Festival Offer - 2009) : For
Limits upto Rs. 10 lakh only:
(Applicable for the Festival Offer period of 20th
August 2009 to 31st March 2010)
| Festival Offer Rate of Interest |
10% (Fixed) for repayment upto 3 years |
10.25% (Fixed) for repayment > 3 years upto 5 Years |
Customers may approach nearest
branch of Indian Bank |
