Multiple banks. Different interest rates. Call it a "conflict of interest".
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  • Personal Loan BYTES FROM OUR KITCHEN

    Personal Loan for IBM Employees

    Personal loans are definitely one of the best financial products to have existed. Personal loans offer finance to pay for your personal expenditures from buying a television set to taking a vacation or paying for your daughter’s wedding. There are different types of personal loans in the market and some of these loans are offered only to a certain category of customers. Over the last couple of years, banks have come up with special loans that are designed especially for the employees of certain MNCs. Many banks in India offer special personal loans for IBM employees with better benefits and a lower rate of interest. Let us look into some of the best personal loan schemes for IBM employees in India.

    HDFC Personal Loan for IBM Employees

    HDFC is one of the first banks to have come up with a special personal loan scheme just for IBM employees. The bank offers a personal loan scheme with special rates and additional benefits for employees of IBM. The personal loan offered by the bank is aimed to provide finance for various personal financial needs of the borrower. The loan comes at a competitive rate of interest and flexible tenure. Simple documentation, low processing fee, and quick processing are few of the benefits of the scheme. Let us look into other features and benefits of HDFC personal loan for IBM employees:

    • Rate of interest: 12.95%
    • Minimum income- Rs.15,000 per month

    Let us consider the example of Mr. Rajeev who has been working in IMB for 2 years. Mr. Rajeev earns 42,000 a month and applies for a HDFC personal loan of Rs.1 lakh for a tenure of 3 years at a rate of interest of 12.95%. Mr. Rajeev will be paying Rs.3367 as EMI for three years with the HDFC personal loan for IBM employees.

    ICICI Bank Personal Loan for IBM Employees

    ICICI Bank offers personal loan for IBM employees at a special rate provided that they maintain salary account with ICICI bank. The salary account alone offers amazing benefits and privileges such as a zero balance feature, international debit card, a welcome kit, and more. The personal loan too comes with many benefits and special rates for IBM employees. Let us look into the feature and benefits of ICICI Bank personal loan scheme for IBM employees:

    • Rate of interest- 11.59% onwards
    • Tenure-Flexible tenure up to 60 months
    • Repayment- Repayment through auto debit, ECS and PDC
    • Minimum salary-Rs.17,000 for applicants
    • Security/Collateral- No requirement for security or collateral

    HSBC Personal Loan for IBM Employees

    HSBC offers personal loan for IBM employees through the Corporate employee programme. Through this programme, IBM employees can avail preferential rates on personal loans and additional benefits. The loan offers finance for personal expenditures such as wedding, vacation and more. Listed below are the details of HSBC personal loan for IBM employees:

    • Maximum loan amount- Rs.30 lakh
    • Tenure- 5 years
    • Rate of interest- 11.49% per annum

    These are just some of the popular personal loan schemes for IBM employees in India. There are several other loan schemes that offer special rates and benefits for IBM employees, it is important to check with the company and the bank before applying for a personal loan.

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