Personal BankingLoansSIB Travel Delight

SIB - TRAVEL DELIGHT

Purpose
For meeting expenses related to Travel/ Emigration/ Food & accommodation/ Sightseeing, etc of Self/ Spouse/ Family Members/ Close Relatives.
Target
Customers
All Resident Indians who travel for personal/ business purpose in and outside India.
Amount
Up to Rs 20.00 lacs
Tenure
Up to 48 Months
Margin
10% of the loan amount
Interest rate
Attractive interest rate from MCLR (1 Year)+ 2.00%
Eligibility
40% of Annual income by way of salary / as per IT return/ pension reduced by the extent of any existing EMI obligations.
Features
  • In case no collateral security is offered, at least one person who has tangible net worth equal to the loan amount should join as guarantor.
  • Attractive offers for SIB- Travel Card- Available in host of prominent currencies.
  • Income of Spouse only shall be considered along with the Principal applicant in all cases.
  • All borrowers going abroad must take a travel insurance policy.
Upfront fee
Processing Fees of up to 1%
Penal Interest
2% p.a. for non-adherence to sanction terms and for defaulted amount for the defaulted period.

 
Documents required
  • KYC Docs (PAN Card and Aadhar Card and Photographs)
  • ITR for the two years with computation sheet
  • Salary Slip/Pension Statements for 3 months
  • Account Statement for 6 months
  • Copy of Passport and Visa