NIC Asia Bank Professional Loan interest rate 2083
NIC Asia Bank Professional Loan: effective rate 10.62%, EMI from Rs. 21,553 per month. Compare with 19 other banks.
#15 / 20 banksAwaiting verificationEffective from 1 Bhadra 2083
Rate breakdown
Base rate
7.05%
Premium
3.57%–4.11%
Effective rate
10.62%–11.16%
Fixed
12.12%–13.16%
- Processing fee
- 0.75% (Min Rs. 2,000)
- Prepayment penalty
- 0.69%
- 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
NIC Asia Bank Professional Loan FAQ
What is NIC Asia Bank's current Professional Loan interest rate?+
NIC Asia Bank's Professional Loan floating rate is base rate 7.05% plus a premium of 3.57% to 4.11%, giving 10.62% to 11.16% effective from Bhadra 2083.
What is the EMI on a Rs. 10 Lakh Professional Loan from NIC Asia Bank?+
At 10.62% over 60 months, the EMI is roughly Rs. 21,553. Use the calculator above to change the amount or tenure.
Can I prepay a NIC Asia Bank Professional Loan?+
Yes. The published prepayment charge is 0.69% of the outstanding balance. Confirm with the branch, as some banks waive it after a minimum period.