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हिंदी
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IB PROFESSIONAL

IB PROFESSIONAL

Target Group All professionals including Doctors, Engineers, Architects, Chartered Accountants, Company Secretaries, Designers, Management/ Financial Consultants, Cost Accountants etc. who are having work experience of at least two years with Valid Membership / Degree / License Holders and major part of their income is through profession
Purpose
For personal purpose such as setting up or renovation of office , purchase of consumer durables, household articles, to celebrate family functions, and other personal/household expenses etc.. However, utilization of loan proceeds for speculative purpose is prohibited.
Minimum Gross Income 1) Professionals having Minimum Annual  Gross Income of Rs.7.50 lakhs  during last two years will be considered. .

2) Professionals should be taxpayers for the last two years. It should be ensured that ITR has been filed on regular basis for last 2 years (on yearly basis).
Age

 

 Minimum Age- 21 Years

Maximum Age- 70 Years
Margin NIL
Facility Term Loan
Eligibility Maximum of 2.5 times of lowest Gross Annual Income during the last two years as per ITR subject to minimum NTHP (after proposed EMI) not less than 40%.

Ø  Branch to ascertain from CIC and other sources that the applicant has a good credit history.

Ø  Applicants should have recognized qualification in their field and should have requisite permission/license to work, wherever necessary.

Ø  Branch to ensure that minimum 75 % of credit turnover to be routed through bank account.
Quantum of loan Maximum loan ceiling is to be lower of the following

(i)            2.50 times of lowest Gross Annual Income during last two years

(ii)           Rs. 30.00 Lakhs
Security Personal Guarantee of Spouse or a person having net worth equivalent to the loan amount
Repayment Term Loan- Maximum 84 equated monthly instalment.

( Last modified on Apr 07, 2026 at 10:04:22 AM )

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