Eligibility |
Any person with assured monthly Income acceptable to the Bank. |
Rate of interest |
14%* |
Repayment Tenure |
36 Months |
Loan Limit |
Maximum amount of Rs. 1,00,000/- |
Purpose |
Purchase household articles/furniture, house repairs/renovation, marriage, etc. |
Surety |
Minimum Two guarantor with sufficient net worth |
Security |
Hypothecation of purchased items is necessary along with proper documentation, Insurance policy with surrender value, Vehicle, immoveable property, our bank's own deposits. |
Margin |
25% of the Quotation amount |
Other Terms |
Membership is necessary for the borrower and sureties to avail this loan. |
|
* Floating rate of interest |
|
Minimum CIBIL Score 600 |