RBS bank offers you interesting travel loans with competitive ROI, to double your joy of travelling. If you are planning for holiday trip, give us an estimated budget & get easy loan that suits your requirement.
Features
Rates & Charges
Repayment
Eligibility Criteria
Documents Required
Features
- Tourism Term Loan (For Existing Customers & Prospective Customers) Purpose For Travelling in India & Abroad
- Get up to a maximum of 50% to 75% of Total Travel Cost/Stay Cost/Travel Package Cost.
- Get Minimum Rs.25,000/- & Maximum Rs.10.00 Lakh
Rates & Charges
- Margin: 25% minimum
- Rate of Interest: 11.00% p.a.
- Pre-Payment Penalty:0.00% + GST
- Upfront Processing fee: @ 0.30% + GST on one-time basis, on total sanctioned
amount. - Penal interest: 2% to be charged for the period of default in repayment*
Repayment
- The mode of repayment can be Equated Yearly/Quarterly/Monthly installments.
- The repayment period will be a maximum of 5 years.
- The moratorium period will be a maximum of 3 months.
Eligibility Criteria
- The applicants should be an individual who has completed 18 years.
- The applicant’s proportionate amount to monthly take home Net income (NP + Depreciation + TL Int.) of last year, including proposed loan EMI should not be less than 1/3rd, as per income tax returns for Term Loan
Documents Required
- Proof of identity
- Proof of address
- Proof of income
- 5 PDCs
- Standing Instructions of Saving / Current / CC Accounts
- KYC of Applicant(s) & Guarantor(s)
