Consumer Loan

Eligibility
Any person with assured monthly Income acceptable to the Bank.
Rate of interest
17.00%
Repayment Tenure
36 months
Purpose
Purchase household articles
Surety
Minimum one guarantor with sufficient net worth
Loan Limit
Maximum amount of Rs. 1,00,000/-
Security
Two personal security and hypothecation of purchased items is necessary along with proper documentation, Insurance policy with surrender value, Vehicle, immoveable property, our bank's own deposits.
Margin
75% of the Quotation amount
Other Terms
Membership is necessary for the borrower and sureties to avail this loan

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