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Personal Loan |
Realising your dreams may now just be a phone call away. A top-of-the-line home theatre system, a personal computer for your family, a vacation in an exotic locale... the list is endless. Whatever your dreams are, you can now realise them by opting for Personal Loans from ABN AMRO Bank.
What makes an ABN AMRO Personal Loan so special?
- ABN AMRO Personal Loans are completely flexible - you can take your loan for purchase of assets and consumer durables, home improvements, tax saving investments, higher education, holidays and travel, emergency medical needs...in short, for any declared legal use without pledging any security.
- You may also avail of our “Balance Transfer Program” to retire any high cost loans that you may have taken, including your credit card dues by simply opting for an ABN AMRO Personal Loan.
- There are no hidden charges - our Personal Loans come to you with minimum formalities, at attractive interest rates and only a one time non-refundable processing fee.
- What´s more, if you are an existing ABN AMRO customer, you could be eligible for special discounts on the interest rates and simplified application formalities under our “Relationship Rewards Program”.
Who can apply for a Personal Loan?
- A Salaried Individual between 25 and 70 years of age working in the management cadre of companies approved by the Bank from time to time.
- A Self employed Professional (Doctor/CA/Architect etc.) between 25 and 65 years of age.
How much can I borrow?
The minimum loan amount is Rs. 25,000 and the maximum loan amount could be up to Rs. 10,00,000 based on the Bank´s qualifying criteria.
How do I repay my loan?
At the time of disbursing your loan, the bank will collect post dated cheques for your equated monthly instalments (EMI) payments.
Do I have an option of pre-paying my loan?
Yes. ABN AMRO offers you the flexibility of prepaying either a part of your outstanding loan or your entire loan by paying a nominal charge of 5% of your outstanding loan amount. As a special feature, if your loan with us is over one year old, we offer you a unique benefit of prepaying up to 25% of your outstanding at no extra cost once every calendar year.
As an existing ABN AMRO Bank customer, am I eligible for any special benefits? - Yes, of course. As an existing customer of ABN AMRO Bank, you are eligible for our “Relationship Rewards Program”. Under this program, you could benefit from:
- Reduced Interest rates
- No Income Proof Requirement
- A pre qualified loan based on your Deposit account relationship or your loan relationship with us
And as a special privilege you may apply under this program even if you are not a salaried individual or a self-employed professional.
Are there any other Special Programs? - Yes! If you are an existing Personal Loan / Credit Card customer of select Banks / Financial institutions, you could apply for our “Balance Transfer Program.”
Under the Balance Transfer Program, you could:
- Pay off high cost Personal/Consumer durable Loans that you may have availed from other Banks/Financial institutions.
- Pay off your outstanding dues on your Credit Card.
Okay! I am interested. How do I apply for an ABN AMRO Personal Loan?
Simple! Just call any of our branches at the Bank by Phone numbers and we shall send across our representative to complete the application formalities.
You may also choose to walk into our branches and meet up with any of our customer service executives.
This section answers some of the questions you may have about ABN AMRO Personal Loans. In case you need to know more, just call us and we shall have our representative over at your home or office to guide you through the application process.
Please note:
All Loans will be the Sole Discretion of ABN AMRO Bank and the Bank reserves the right to accept or reject any application without assigning any reason thereof. Terms and conditions for the ABN AMRO Personal Loans are subject to RBI guidelines and / or Bank policies and are subject to change without notice.
How long will it take for my loan to be processed ?
ABN AMRO Bank shall use its best endeavour to inform you about the decision status of your loan application, usually within 3 days from the date all documents/ information, as required by the Bank, from time to time, is furnished by you to the Bank.
Do I have an option of pre-paying my loan? - Yes. ABN AMRO offers you the flexibility of prepaying either a part of your outstanding loan or your entire loan by paying a nominal charge of 5% of your outstanding loan amount. As a special feature, if your loan with us is over one year old, we offer you a unique benefit of prepaying up to 25% of your outstanding at no extra cost once every calendar year.
Personal Loans
| Salaried Individuals |
16% - 23% |
| Relationship Rewards Programs |
16% - 22% |
| Track Record/Special Surrogate Programs |
18% - 26% |
| Processing fee for Regular Programs |
2.25% |
| Processing Fee for Relationship Reward Programs |
2% |
| Processing Fee for loan amount less than Rs. 100000 |
Rs. 2000 |
Disclaimer
The rate of interest mentioned above are the standard and average rates under standard income criteria for each class of borrowers and shall be higher/lower depending on the parameters which are met by the customers. They would also vary by tenor. These rates are currently applicable and can be changed any time from time to time, at the sole discretion of ABN AMRO Bank and without any prior or post notice to the customer and such changes shall be final and binding on all customers of ABN AMRO Bank.
Refer to the Schedule of Charges & Interest for Personal loans
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