Personal Loan
Purpose
To purchase of Consumer durables. Consumer durables included all electrical and electronics, wooden and metal furniture etc.
Eligibility
All individuals with regular income is more than Rs.5000/- with maximum age limit of 60 years.
Quantum of Loan
10 times of the gross salary or 90% of the cost of article whichever is less, but not to exceed Rs. 5.00 lacs
Margin
10% on cost of the article
Rate of Interest
Retail Credit Interest Rates
Repayment
Maximum Repayable is 60 equated monthly installments without holiday period
No Pre payment charges
Security
Hypothentication on purchase of articles out of loan and a suitable 3rdparty guarantee
Processing Charges
While all efforts have been made to update the information, constituents are requested to contact the nearest branch for further details.
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