Eligibility |
Any person with assured monthly Income acceptable to the Bank. Minimum CIBIL Score 600 |
Rate of interest | 14.00%* |
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 | Min of 25% of the Quotation amount |
Other Terms | Membership is necessary for the borrower and sureties to avail this loan |
* Floating rate of interest |