Purpose
Term Loan for acquiring Nucleus Cochlear Implant
 
Banking Relation
Previous banking relations are not compulsory.
Applicant should be residing in the city where the branch is located.
 
Eligibilty
Hearing Impaired individual OR their Parents
 
Limit of Loan 
Rs. 10.00 Lakhs
 
100% of the cost of equipment and hospitalisation and allied charges 70% of the Market value based on valuation by approved valuer of the commercial or residential property
Rate of interest 
Please contact your nearest branch for all the details

Repayment Period 
Maximum 5 Years
 
Security
Equitable mortgage of residential / commercial premises Pledge of tangible securities viz. NSCs, KVPs.LIC policies, FDRs, Gold or any other approved securities  2 Guarantors of well placed means
 
Share Holding
2.5% of sanctioned loan amount, subject to maximum of Rs.25,000/- 
*Refer to "Share Holders" section on main menu to know more about the benefits extended OR click here to know about benefits extended to shareholders 
 
Processing Charges
NIL
 
Documents Required
Loan application form with covering letter
Proforma Invoice for the proposed Nucleus Cochlear Implant System
Income and address proof of the applicant and guarantors
Income Tax PAN number
Latest salary slip / certificate OR copy of Income Tax returns filed with computation of income
 
Nucleus Cochlear Implant Centres
Facility available in Mumbai Hospitals - For details click here
Facility available in Pune Hospitals - For details click here

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