Global IME Bank Professional Loan interest rate 2083
Global IME Bank's professional loan is priced at 7.65%–9.65% effective in Bhadra 2083: a 4.65% base rate plus a 3%–5% premium. That ranks 8th cheapest of the 11 commercial banks we track for this product. On Rs. 10 Lakh over 60 months the EMI is about Rs. 20,109, plus a 0.75% processing fee.
- Effective rate
- 7.65% – 9.65%
- Base rate
- 4.65%
- Premium
- 3% – 5%
- Processing fee
- 0.75%
- Maximum tenure
- 120 months
- Rank by rate
- 8 / 11
- Rates effective
- Bhadra 2083
Effective from: 1 Bhadra 2083Source: www.globalimebank.com/interest-rates/
Global IME Bank Professional Loan: effective rate 7.65%, EMI from Rs. 20,109 per month. Compare with 10 other banks.
Rate breakdown
Base rate
4.65%
Premium
3%–5%
Effective rate
7.65%–9.65%
Fixed
9.99%–11.99%
- Processing fee
- 0.75% (Min Rs. 2,000)
- Prepayment penalty
- 1.45%
- Loan amount
- Rs. 3 Lakh – Rs. 1 Cr
- Tenure
- 12 – 120 months
- Max financing
- —
- Age
- 21 – 65 years
Highlights
- Doctors, engineers, CAs, lawyers
- Clinic or office setup
- Equipment financing
Who is eligible
Professional council registration and 2 years practice.
Documents you will need
- Citizenship certificate (copy)
- 2 passport-size photos
- Latest 6 months bank statement
- PAN card
- Professional council registration
- Practice licence
Global IME Bank Professional Loan FAQ
What is Global IME Bank's current Professional Loan interest rate?+
Global IME Bank's Professional Loan floating rate is base rate 4.65% plus a premium of 3% to 5%, giving 7.65% to 9.65% effective from Bhadra 2083.
What is the EMI on a Rs. 10 Lakh Professional Loan from Global IME Bank?+
At 7.65% over 60 months, the EMI is roughly Rs. 20,109. Use the calculator above to change the amount or tenure.
Can I prepay a Global IME Bank Professional Loan?+
Yes. The published prepayment charge is 1.45% of the outstanding balance. Confirm with the branch, as some banks waive it after a minimum period.
