Global IME Bank Launches Special Home Loan Scheme with Single-Digit Interest Rates

Global IME Bank Limited has introduced an exclusive home loan scheme featuring a remarkable minimum interest rate of 9.99%. The special scheme is designed to facilitate the construction and purchase of homes through affordable and straightforward installment plans, targeting a wide range of customers.

Under this initiative, customers can benefit from a loan limit of up to 12 crores. Notably, the bank has also unveiled a provision for dignitaries currently availing loans from other banks and financial institutions to easily transfer their loans through a streamlined process.

The interest rates under the special home loan scheme are structured as follows: 9.99% to 10.99% for a term of up to 5 years, 10.99% to 11.49% for a term spanning 5 to 10 years, and 11.49% to 11.99% for a fixed tenure exceeding 10 years. This flexibility allows customers to choose a plan that suits their financial needs.

Global IME Bank is committed to providing a hassle-free experience for its customers, aiming to disburse loans within 3 working days upon submission of the necessary documents. The scheme covers loans of up to 12 crore rupees, further simplifying the home financing process.