| Eligibility | Individuals including Joint borrowers who have
* Availed the Home Loan from Indian Bank
* Satisfactorily serviced the Home Loan for at least 3 years after the Holiday Period.
* Created Equitable Mortgage
* Maintained security margin of at least 15% for purchase of House / plot / construction of house.
* Home Loan account repayments are regular and the account is in Standard Category.
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| Benefits | Under the package the borrower is entitled for any one or more of the following loans, with concessional interest rate and processing charges provided he / she is otherwise eligible as per the individual loan products.
* IB Vehicle Loan (Both 4 wheeler and 2 wheeler)
* IB Clean Loan (to Salaried Class)
* IB Bhavishya Prakash (for one of the dependants of the borrower)
* IB Pension Loan
* IB Home Improve
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| Interest Rates | Concession of 0.50% from the applicable Card Rate for the following loan products
* IB Vehicle Loan (Both 4 wheeler and 2 wheeler)
* IB Clean Loan (to Salaried Class)
* IB Bhavishya Prakash (for one of the dependants of the borrower)
* IB Pension Loan
No interest rate concession for IB Home improve
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| Processing fee | Concession of 50 % from the applicable processing charges of the following loan products
* IB Vehicle Loan (Both 4 wheeler and 2 wheeler)
* IB Clean Loan (to Salaried Class)
* IB Bhavishya Prakash (for one of the dependants of the borrower)
* IB Pension Loan
* IB Home Improve
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| Security | * The security prescribed for the individual loan products are to be offered
* Equitable Mortgage taken for the Home Loan should be extended to cover the other loan/s sanctioned under the package.
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| Other Requirements/Details | * All other terms and conditions laid down as per the individual loan products should be complied with.
* The Home Loan borrowers can avail any one or more of the above products subject to fulfilling repayment capacity for servicing existing loan liability/ies and the proposed loan liability/ies |
