Home Owner’s Personal Loan Overview

• This unsecured personal loan is available to Northern Bank mortgage customers only
• Allows you to spread the cost of larger purchases
• Borrow any amount between £1,000 and £25,000
• Flexible repayment terms between 1 and 5 years allow you to select a monthly payment you can afford
• The interest rate is their standard variable home loan rate
• Provides you with the flexibility to make regular and adhoc overpayments and to make lump sum payments
• A guarantee and indemnity maybe required, for which a fee may be payable

Other Details

• Applicants must be 18 or over
• This loan is not secured against your home
• The interest rate is standard variable for the life of the loan

The terms and conditions applicable to PLUS Loans for parents also apply to PLUS Loans for graduate and professional students. These terms and conditions include:

• a determination that you (the applicant) do not have an adverse credit history; and
• a fixed interest rate of 7.9% for Direct PLUS Loans.

Unlike parent PLUS applicants, you (the student applicant) are required to complete the Free Application for Federal Student Aid (FAFSASM). In addition, before you can receive a PLUS Loan, your school must have determined your maximum eligibility for Direct Subsidized and Unsubsidized Stafford Loans.

There are many bright students who due to lower financial background get their education from schooling to higher studies from various student loans and at the end of the day end up with massive monthly repayment of EMIs and hence could not afford to other necessities like buying home, getting married and other family issues. This is where the student loan consolidation program comes into picture.

Loan consolidation program is nothing but in simple terms combining various loans into a single loan with the lower monthly sum that borrower has to pay. By doing loan consolidation students can save some money and can be free from tension because after loan consolidation he/she has to pay to a single lender rather than many in the other case.

If you are looking for consolidating your student loan then you have to register with the organizations that are offering student loan consolidation program facility. There you have to provide all the detailed information like what all loans you have taken so that your consolidation process becomes easier. This can also be done through the net.

By consolidating your student loan you get longer period to repay your consolidated loan and with lesser interest rate and monthly installments.

The Indian Bank does not ask for your income tax documents in some cases if you have an existing life insurance policy, a credit card, an overdraft account or an existing personal loan with some other bank you may be given a personal loan without being required to produce your income tax documents.

Amount of the loan

Indian Bank provides loans between Rs.50,000 and Rs.15,00,000. The term period of the loan can be between 12 months and 60 months.

Refinancing an existing personal loan

In times of falling interest rates, a personal loan from Indian Bank can be used to refinance a loan from some other bank that has been taken at a higher interest rate. When you opt for refinancing your personal loan, you may be able to transfer it to Indian Bank without having to provide your income documents. You can also ask for an additional loan when you’re getting your personal loan refinanced.

Specially for existing customers

If you’re an existing customer of Indian Bank you can opt for a personal loan from them without providing income tax documents.

Documents required for the Indian Bank Personal Loan

Some documents are required when you apply for a personal loan. If you’re a salaried person you need to provide the latest salary slip and the bank statement for the last six months. Apart from this you need to provide a photo identity proof, a residence proof and an age proof document. A copy of a passport can meet all three requirements since it establishes your photo identity, residence and age. A voter’s ID card can also meet all three requirements similarly.

If you don’t have either of these documents then you can provide your driver’s license and a copy of your PAN Card or Birth Certificate or copy of your life insurance policy. Alternatively phone bills and electricity bills can also be provided to establish your proof of residence.

Self employed professionals need to additionally provide Income Tax Returns (last 2 years), CA certified computation of income, or CA certified Profit & Loss Account and Balance Sheet for last 2 years.

Eligibility for a Indian Bank personal loan

You can opt for a Indian Bank personal loan if you’re between 25 and 60 years of age. For self-employed professionals the maxmimum age limit is 65 years. Your minimum take home salary needs to be Rs.20,000 per month. In case of self employed professionals the annual income needs to be over Rs.2,40,000 per annum

Will Refinancing Benefit You?

Refinancing two mortgages allows you to consolidate your loans into one payment, often lowering your monthly bill. You may also find lower rates under the right circumstances.

Those with a large amount of equity benefit most from consolidating loans since they qualify for the lowest rates. It is important to look at interest savings, not just monthly numbers which can be misleading.

However, if you have less than 25% equity, you may end up qualifying for higher rates. With less than 20% equity, you will also have to pay for private mortgage insurance. Even with these factors, you may still find that you will save money by refinancing.

Have You Done Your Research?

To see if refinancing makes sense for you, research mortgage lenders. You can quickly go online and request quotes and terms. Look at the different offers, and work out the numbers. An online mortgage calculator can help you figure out monthly payments and interest costs.

An easy way to compare cost is to first add up your interest payments for both mortgages. Use this number to compare interest payments with each potential mortgage.

You also need to factor in the cost of refinancing. Just like with your original mortgage, you will have to pay fees and points. You want to be sure that you can recoup these costs with your interest savings.

Why Do You Want To Refinance Both Mortgages?

While refinancing both mortgages is convenient, you may decide to refinance only one or both separately. With your main mortgage, you can expect to get low rates.

A second mortgage will usually qualify for higher rates, but you can lock them in. You may also choose to convert from a line of credit to an actual mortgage. Again, you will want to investigate financial packages before signing up with a lender.

A Tesco loan can provide you with different types of features that have been proven to be advantageous to you as a customer. The following are some notable advantages you should know about Tesco and their loans:

1. Once you get to successfully apply for a loan, you get to spend the money any way you want as long as you get to follow the payment terms and also as long as you pay at the right time
2. If you have a business and it is already two years old or more, you can easily apply as an entrepreneur and have an interest rate that is suitable for an entrepreneur like you.
3. Retirees are also welcome to apply for a loan. The loans you will acquire as a retiree will also have a tailored interest rate and payment scheme depending on your capacity to pay.
4. Determining a customized interest rate and payments scheme that will suit your needs will also be easy with the help of Tesco personal finance. The company makes use of an online repayment calculator that will help you determine the type of loan that will suit you best.

There are still several disadvantages present when it comes to the acquisition of a Personal Tesco Loan. It is very important that you get to know these cons before you get to apply for a loan so that you won’t have any problems in the long run.

1. You will be charged an amount equal to two months interest if you decide to pay off your Tesco loan at an earlier date.
2. If you are a student or unemployed, you cannot be apply for a personal loan; this means people who have been laid off from their jobs and students who need to apply for a loan so that they can pay for school will need to find other loans instead.
3. You might not be able to successfully apply for a loan depending on your monthly income or other personal circumstances that affect your finances.

Benefits of private student loan consolidation include:

• One monthly private student loan payment
• No application or origination fees
• No prepayment penalty
• Competitive rates

What you need to know:

• You can apply for a private consolidation loan any time after you graduate
• You can consolidate a minimum of $7,500
• You can apply on your own, but having a creditworthy cosigner will reduce your interest rate

Important Information: Chase Private Consolidation Loans are subject to credit approval, receipt of a completed and signed loan application/promissory note, verification of application information and acceptance of loan terms. Only private education loans that are in good standing from eligible Title IV schools may be included. Federal education loans are not eligible under this program. Minimum loan amount is $7,500, with a cumulative borrowing limit of $150,000, based on credit eligibility. Other terms and conditions apply.

You could obtain a Home Loan to:

• Purchase or construct a house
• Purchase a condominium apartment in urban areas
• Purchase a land and construct a house
• Renovate, extend, complete a house
• Transfer Home Loans of other banks’ at a lower rate

To qualify: You should have a regular monthly income, individually or jointly with your spouse. This income should be sufficient to meet the monthly loan commitment as well as living and other expenses.

Here’s how much you could borrow: Depending on your need (and income), you could borrow from Rs. 750,000/- up to Rs. 5 million. Even if you exceed Rs. 5 million, you can still negotiate with your Branch Manager for a higher amount.

The interest rate would be: Commercial Bank interest rates are highly competitive. What is more, you have a choice of either Fixed or Floating. If you want to keep your interest rates fixed, you can go for the Fixed Interest Loan. Or, if you prefer to pay current market rates, you could choose a Floating Interest Loan. NIVAHANA is that flexible.

Here’s how you could repay:

Depending on your age you could agree for a repayment period of up to 20 years. Also, you can select from 2 modes of payment:

• Equated Monthly Installments – where your capital plus interest is a fixed sum
• Fixed Monthly Installments – where you pay back your capital in equal installments plus interest on reducing balance

What are the Advantages of our Home Loan Compared with other Bank Loans ?

• Minimum documentation
• Flexible approach and fast approval
• Longer repayment period
• Fixed or Floating rate of interest
• Attractive and competitive interest rates
• Convenience of our island wide branch network

The Essentials:

• Cash Over the counter or an Overdraft facility to your Current Account
• Low interest rates
• Funds when you need it
• Privacy and exclusivity assured

Special Features:

• You can request for cash over the counter or for an overdraft facility for your Current Account you maintain with Commercial Bank
• You will receive highest Value for your gold jewellery
• Minimum interest rates
• No need for monthly repayments. You can settle the loan in full with interest at the end of the loan period
• You can opt for a 6 month loan or a 1 year loan based on your requirement

You have the option to pay part payments to your loan as and when you want. In such instances you will have to pay interest only for the remaining loan balance for the rest of the period.

You can redeem your jewellery any time you need them by repaying your loan with interest

• Minimum Documentation
• No need for guarantors
• You will receive maximum privacy whilst you conduct your transaction in a specially designed cubical in our branches
• Your jewellery will receive highest security until you redeem them

A Nations Trust Bank Home Loan will help you afford a place of your own or upgrade it to suit your changing lifestyle, without putting a strain on your finances

A Nations Trust Bank Home Loan could be used to:

• Purchase Land
• Purchase land and construct a house
• Purchase a house
• Extend, renovate or complete a house
• Construct a house
• Refinance an already obtained housing loan

Nations Trust Bank Features and Benefits:

• Loan amounts ranging from Rs.300,000/- up to Rs.50,000,000/-
• Flexibility to pay at your own pace with tenures of up to 15 years
• 5 year fixed interest rate
• Freedom to apply jointly with spouse
• Specialized sales team to assist you in obtaining your Home Loan

Eligibility requirements:

• Aged above 18 years (provided the repayment period does not exceed 55 years of age)
• Permanently employed at an established company, earning a minimum monthly net salary of Rs.30, 000 or above
• Self employed with a minimum monthly profit of Rs.50, 000 or above

How to apply: Go to your nearest Nations Trust Bank branch office and simply complete a Nations Home Loan application and submit with

• A copy of National identity Card
• Latest salary slips
• Copies of business and personal bank statements (for self employed)