Purpose
Purchasing consumer items, such as Computer, Air conditioner, Gold ornaments, CTV, washing machine, CD player, etc (excluding two wheelers).
Loan Amount
Up to Rs 1 L
Eligibility
Confirmed employees - Basic pay of Rs 2,000 or salary of Rs 10,000 per month
Others - Annual income not less than Rs 60,000
NRIs - Minimum salary of Rs 20,000 per month
Margin
10%
Period
60 months (For Salaried people period of loan shall be within retirement age and for others age as on the date of loan shall not exceed 60 years).
Rates & Charges
Please refer rates & charges page
Repayment
Equated Monthly Installments.
Co-obligants
Residents – Spouse should join as co-obligant and Collateral security required covering the loan amount.
Non-residents - Collateral securities in the name of NRI borrowers.