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Consumer Loans |
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Objective |
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The main
purpose of the this scheme is to finance the modern household goods like T.v
Refrigerator . Video, Washing Machine ,scooter, car, A.C or any kind of Furniture. |
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Eligibility |
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This loan is
for Govt/Non-Govt./Public/Private sector undertaking/corporation employees
who is a confirm employee from min of last 5 yrs. |
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Loan Limit |
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75% of value of the
goods
Min loan amount
: 10,000 /-
Max. Loan amount : 3.0 Lac's
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Interest |
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Min of 14.0% per annum. |
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Margin |
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25% |
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Security |
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1.Cheque of Facility from
Employer
2.Third Party Guarantee which
is acceptable to Bank
3.Charge on all the items purchase by Loan
amount.
4.For loans above 25,000/-
eq.mortagaged property will also be obtained. |
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Repayment |
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30-60 equated monthly
installments, extendable up to 84 months in deserving cases. |
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News
and Update |
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Agriculture Debt Waiver |
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The List of Debt Waiver customers of Malwa
Gramin Bank.
Click
for the List >> |
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