Loans-for-Physically-Challenged-

Loans for Physically Challenged

Purpose of Loans:

To purchase durable and sophisticated aids / appliances / that promote their physical and social rehabilitation.

Eligibility:

All Physically Challenged Individuals – both salaried and self-employed, All Physically Challenged Minors through their Parents. (No advances to middle-men and NGOs).
Individual should be employed for a minimum period of 1 year

Amount of Loan:

Min: Nil
Max Rs. 5 lakh

Basis of advance:

Salaried: 20 times of net salary
Businessmen: 3 times of average gross cash accruals or latest audited gross cash accrual with justification.

Security:

Hypothecation of the Equipment purchased out of Bank Finance

Guarantor:

Nil

Margin:

0%

Repayment:

Max 60 months

Processing Fees:

Nil

Rate of interest:

10.25% p.a fixed

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