ING Vysya Bank has decreased its personal loan interest rates by 0.05%, or 05 basis points with effect from Monday, October 16, 2017. This interest rate cut will reduce the cost of funds for those people who want to avail ING Vysya Bank personal loans.
ING Vysya Bank Limited – Current Personal Loans Interest Rates
New Delhi (Delhi, India), February 26, 2018
ING Vysya Bank Cuts Personal Loan Interest Rate to 10.95% Per Annum
The ING Vysya Bank Limited (now merged with Kotak Mahindra Bank Limited) has decreased its personal loan interest rates by 0.05 percent, or 05 basis points with effect from Monday, October 16, 2017.
ING Vysya Bank has revised its minimum interest rate for personal loan from 11.00 percent to 10.95 percent per annum for ING Vysya Bank personal loan applicants.
ING Vysya Bank’s current interest rate cut will reduce the cost of funds for those people who want to avail ING Vysya Bank personal loans.
ING Vysya Bank Limited – Current Personal Loan Interest Rates for the New Loans
ING Vysya Bank Personal Loan Interest Rate for Salaried Applicants: 10.95% to 24.00% Per Annum
ING Vysya Bank Personal Loan Interest Rate for Self-Employed Applicants: 10.95% to 24.00% Per Annum
ING Vysya Bank Personal Loans Rate of Interest is Floating or Fixed: Fixed Rate of Interest
ING Vysya Bank Personal Loan Processing Fee and Documentation Charges: Up to 2.50% of the Personal Loan Amount plus GST
ING Vysya Bank Personal Loan Minimum Borrowing Amount: Minimum Personal Loan Amount is Rs. 50,000
ING Vysya Bank Personal Loan Maximum Borrowing Amount: Maximum Personal Loan Amount is Rs. 15,00,000
Minimum Tenure for the ING Vysya Bank Personal Loans: Minimum Personal Loan Tenure is 12 Months
Maximum Tenure for the ING Vysya Bank Personal Loans: Maximum Personal Loan Tenure is 60 Months
Minimum Net Income Requirement for Availing ING Vysya Bank Personal Loans: Minimum Net Income Required is Rs. 20,000 Per Month
Minimum Age Limit for Getting the ING Vysya Bank Personal Loan Sanctioned: Minimum Age 21 Years at the Time of Personal Loan Commencement
Maximum Age Limit for Getting the ING Vysya Bank Personal Loan Sanctioned: Maximum Age 58 Years for Salaried Applicants and Self-Employed Applicants at the Time of Personal Loan Maturity
ING Vysya Bank Personal Loan Prepayment Penalty: Prepayment Penalty: 5% of Principal Outstanding plus GST (Allowed only after 12 EMIs)
ING Vysya Bank Personal Loan Pre Closure Charges: Foreclosure Charges: 5% of Principal Outstanding plus GST (Allowed only after 12 EMIs)
Charges for ING Vysya Bank Personal Loan EMI Late Payment: Minimum 2% Per Month of the ING Vysya Bank Personal Loan EMI Outstanding Amount plus GST
ING Vysya Bank Personal Loan EMI Cheque, SI, or ECS Bounce Charges: Rs. 750 inclusive of GST
Different Options for Making ING Vysya Bank Personal Loan EMI Payments: The four options for making Loan EMI payments are Internet Banking, Standing Instruction (SI), Electronic Clearing Service (ECS), or Post-Dated Cheques (PDCs)
Security, Collateral, or Guarantor Requirement for the ING Vysya Bank Personal Loan: No Security, Collateral, or Guarantor is Required
Documents Required for the ING Vysya Bank Personal Loan: (1) ING Vysya Bank Filled up Personal Loan Application Form, (2) Two Passport Size Photos, (3) Income Tax PAN Card Cop, (4) Identity Proof – Passport, Driving License, PAN Card, Voter ID Card (Any One), (5) Residential Address Proof, and (6) Income Documents
ING Vysya Bank – Deposits and Loans Interest Rates
Current Deposits and Loans Interest Rates of ING Vysya Bank Limited