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.
Eligibility
This loan is
for Govt/Non-Govt./Public/Private sector undertaking/corporation employees
who is a confirm employee from min of last 5 yrs.
Loan Limit
75% of value of the
goods
Min loan amount
: 10,000 /-
Max. Loan amount : 3.0 Lac's
Interest
Min of 14.0% per annum.
Margin
25%
Security
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.
Repayment
30-60 equated monthly
installments, extendable up to 84 months in deserving cases.
