Purpose
For Consumer Durables, Computer, Pravasi, Two Wheeler, Education, House repairs

Limit of Loan
Maximum up to Rs.2.00 lacs.

Eligibility
(a) 100% of the cost
(b) 12 times of net salary in case net salary up to Rs.8000/-  and 15 times of net salary in case net salary above 8000/- Or 2 times of net cash accruals

a or b, whichever is less

(Salaried persons: Confirmed employee of reputed organization. Minimum Net Salary of Rs.8000/- p.m.)

Businessman/professional/self employed

Repayment Period
Pravasi Maximum 24 months (mentioned seperately as travel scheme also)
Computer Maximum 36 months
All other Maximum 60 months
 
Rate of Interest :Please contact your nearest branch for latest interest rates and repayment plan.

Security
Hypothecation of consumer durables/two wheeler/computer
For salaried - recovery under Sec.60
One/Two Guarantors
 
Share Holding
Nominal Membership for advance against consumer durable, computer, two wheeler For other: 5% of loan amount

Processing Fees
Up to Rs.0.50 lakhs - Rs.250/-
Above Rs.0.50 to 1.00 lakh - Rs.500/-
Above Rs.1.00 lakhs - 1% of loan amount
 
Documents Required
(a) Proforma Invoice from approved dealer.
(b) Photograph & Residence Proof of the Borrower & Guarantor
(c) Salaried person, latest salary slips for last 3 months
(d) Businessman/Professional/self employed last two years profit & loss account and balance sheet.
(e) Guarantors latest salary slip/latest IT return

If you are interested, Apply now
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