Welcome to ING vysya bank Personal loan

ING Vysya Bank is a privately owned Indian multinational bank based in Bangalore, with retail, wholesale, and private banking platforms formed from the 2002 purchase of an equity stake in Vysya Bank by the Dutch ING Group. This merger marks the first between an Indian bank and a foreign bank. Prior to this transaction, Vysya Bank had a seven-year-old strategic alliance with erstwhile Belgian bank Banque Bruxelles Lambert, which was also acquired by ING Group in 1998. ING Vysya has been ranked the "Safest Banker" by the New Indian Express and among "Top 5 Most Trusted Private Sector Banks" by the Economic Times. ING Vysya's private bank operates on an advisory-driven model. Specialized market research remains the bank's focus for the introduction of new tailored products to serve the high-end private banking segment.

Key Benefits of ING Vysya Bank personal loan

• 1. Loan up to 15 Lac
• 2. Attractive Interest Rate & Processing charges
• 3. Easy documentation
• Speedy loan processing
• Hassle free loans - No security/collateral required.
• Flexible repayment options
• Part Payment Option up to 25% of principle outstanding in a year
• Personalized and professional service
• Special Schemes for salary account holders with ING Vysya Bank.

ING Vysya Bank personal loan interest charges

Service type	Interest rate
Interest rate	Interest Rate on the loan will be rate as applicable at the time of signing the loan agreement. Interest for the month = Loan Outstanding*ROI%*(Number of days in a month/360)
Loan Processing charges	Upto 2% of the loan sanctioned amount subject to a minimum of Rs.1,000/-. Fee is deducted from loan amount at the time of disbursal.
Pre payment	4% of the Principal Outstanding after repayment of 6 EMIs.
Cheque/ECS/SIM Bounce Charges*	Maximum Rs.500/-
Late Payment Charges*	Any delay in the payment of an EMI shall entail an additional interest of 2% p.a. above the prevalent rate upon the EMI amount outstanding of the Loan
Statement Copy	Rs.500
Part Payment	Part payment is allowed up to 25% of the principal outstanding in a financial year without charges. However if a loan is foreclosed within 12 months of making the part payment then the part payment made will also be charged as per the applicable pre payment charges. Partial payment shall not be permitted until the completion of at least 6 EMIs.

Eligibility for Salaried Individual

• Minimum age of Applicant should be above 25 years
• Maximum age of Applicant at loan maturity should be of minimum 60 years
• Minimum employment is minimum 3 years in employment and minimum 1 year in the current organization
• Minimum Net Monthly Income should be above Rs. 30,000/- ( Rs. 3.6 Lac Annual Income)
• (For ING Vysya Bank Salary Account Holders Minimum Net Monthly Income required is Rs. 25,000/-)

Eligibility for Self Employed Professionals

• Minimum age of Applicant should be above 25 years for Chartered Accountants and 27 years for Doctors.
• Maximum age of Applicant at loan maturity should be 65 years
• Years in profession should be 3 to 5 years depending on profession
• Minimum Annual Income should be above Rs. 200000/- p.a.

Eligibility for Self Employed Non Professional

• Minimum age of Applicant should be above 25 years
• Maximum age of Applicant at loan maturity should be above 65 years
• Years in business should be minimum of 3 years in current business and 5 years total business experience
• Minimum Annual Income should be above Rs. 400000 p.a.
• Minimum years of profitable operations (PAT) should be atleast 2 years
• Financials: Audited financials Mandatory for the last 2 years.

Eligibility for Self Employed Non Professional

• Minimum age of Applicant should be above 25 years
• Maximum age of Applicant at loan maturity should be above 65 years
• Years in business should be minimum of 3 years in current business and 5 years total business experience
• Minimum Annual Income should be above Rs. 400000 p.a.
• Minimum years of profitable operations (PAT) should be atleast 2 years
• Financials: Audited financials Mandatory for the last 2 years.

Documents required to process ING Vysya Bank Personal Loan

• Proof of Identity (Passport Copy/ Voters ID card/ Driving License)
• Address Proof (Ration card Tel/Elect. Bill/ Valid Rental agreement. / Passport copy/Driving License)
• Bank Statements (latest 3 months bank statement )
• Last 3 months salary slip or current dated salary certificate with latest Form 16
• Latest ITR along with computation of income, B/S & P&L a/c for the last 2 yrs. certified by a CA
• Qualification proof of the highest professional degree
• Proof of continuation (Trade License /Establishment /Sales Tax certificate)