NIC Asia Bank Professional Loan interest rate 2083
NIC Asia Bank's professional loan is priced at 5.57%–8.57% effective in Bhadra 2083: a 5.57% base rate plus a 0%–3% premium. That ranks 2nd cheapest of the 11 commercial banks we track for this product. On Rs. 10 Lakh over 60 months the EMI is about Rs. 19,133, plus a 0.75% processing fee.
- Effective rate
- 5.57% – 8.57%
- Base rate
- 5.57%
- Premium
- 0% – 3%
- Processing fee
- 0.75%
- Maximum tenure
- 120 months
- Rank by rate
- 2 / 11
- Rates effective
- Bhadra 2083
Effective from: 1 Bhadra 2083Source: www.nicasiabank.com/interest-rates/
NIC Asia Bank Professional Loan: effective rate 5.57%, EMI from Rs. 19,133 per month. Compare with 10 other banks.
Rate breakdown
Base rate
5.57%
Premium
0%–3%
Effective rate
5.57%–8.57%
Fixed
9.49%–9.99%
- Processing fee
- 0.75% (Min Rs. 2,000)
- Prepayment penalty
- 0.69%
- Fixed-rate terms
- Prime 9.49% · standard 9.99%
- 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 5.57% plus a premium of 0% to 3%, giving 5.57% to 8.57% effective from Bhadra 2083.
What is the EMI on a Rs. 10 Lakh Professional Loan from NIC Asia Bank?+
At 5.57% over 60 months, the EMI is roughly Rs. 19,133. 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.
