Set up in Bangalore in the year 1930, ING Vysya Bank is a leading bank in the Indian Private Sector. It offers corporate loans, home loans, education loans and personal loans.
ING Vysya Bank personal loans
ING Vysya Bank personal loans are of great use when one needs a lot of money for education, travel, family function, marriage, business expansion, home renovation or purchase of property. The features of these loans are:
- One can borrow maximum of Rs.10, 00,000
- One should repay in 12 to 60 months through PDCs, ECS or Standing Instructions.
- Interest rates are low
- No security or collateral is required.
- Loan approval is faster.
- Home service is available
Eligibility criteria for personal loans is:
- Applicant should be either salaried individual, self-employed professional or self-employed businessman
- Salaried individuals should be at least 23 years of age and 25 years for Non Professionals
- The applicants should have at least one year’s work experience in the current job or 3 year’s overall work experience with a minimum Gross Annual Income of Rs. 100,000
The documents required for the loan application are:
- Passport size photograph
- 2 months' salary slip
- Proof of experience
- Proof of Age and Identity
- Company’s Financials
- Proof of Business
- Last 6 months' bank statement
- Last 2 years' ITR including computation of Income, CA certified P& L , Balance Sheet
Other schemes available are repayment Track Record, Balance Transfer, Top Up Loans and CASA Loyalty Program.
ING Vysya Bank Home Loans
Now, one can buy or build an apartment or a penthouse without much problem. Just avail ING Vysya Home Loans and get attractive interest rates, EMI on a daily reducing balance method, flexible repayment options and no penalty on partial pre-payments.
Eligibility criteria for home loans:
Salaried employees should be above 23 years of age and below 58 years or retirement age, whichever is less; Self-employed professionals and businessmen should be above 25 years of age and below 65 years, at loan maturity.
The minimum gross Annual Income should be atleast Rs.1,20,000 (Salaried Employees), Rs. 1,00,000 (Self-employed Professionals) and Rs 1,50,000 (Self-employed Businessmen).
Other factors are income, age, stability and personal assets and liabilities.
ING Vysya Bank Home Equity Loans
ING Vysya Bank Home Equity Loan provides finance to applicant against his/her residential property. On can get these loans with attractive Interest rates, floating rate loans, EMI on a daily reducing balance method and nil penalty on partial pre-payments.
Eligibility criteria for Home Equity Loans remains the same as home loans for the Indian salaried individuals and self-employed professionals and businessmen.
ING Vysya Bank NRI Housing Loans
As the name suggests, the ING Vysya Bank's NRI Home Loans are meant for the NRI's on their return to India. With the help of these loans they can purchase, construct, repair, renovate and alter their house in India. The minimum loan amount is Rs. 5 Lacs and maximum amount is Rs. 100 Lacs.
Eligibility criteria for NRI Housing Loans :
- Applicants’ age should be more than 18 years and less than 60 years at the time of loan maturity.
- Should have a valid Indian Passport
- Should be a Salaried NRI with a minimum work experience of 3 year overall
- Should be residing in U.S.A., Canada, U A E, Kingdom of Saudi Arabia, Bahrain, Qatar-Doha, Muscat, Sultanate of Oman, Kuwait, Sultanate of Kuwait, Singapore, Malaysia, Hong Kong, Japan, China, U.K, Italy, Netherlands, Belgium, Australia or New Zealand.
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