Purpose
Personal needs of lawful nature.
Loan Amount
Rs 2 Lakhs to Rs 150 Lakhs
Eligibility
Monthly installments towards loan, including the installments for proposed loan, should not exceed 50% of gross salary or repayment towards loan shall not exceed 50 % of previous year’s annual income. Spouse’s income can be clubbed.
Margin
50% of security value
Period
Maximum 60 months
Rates & Interest
Please refer rates & charges page
Repayment
Equal Monthly Installments
Co-obligant
Spouse should join as co-obligant. In the case of spinsters and bachelors, parent should join as co-obligant.
Security
Unencumbered property in the name of borrower or close relatives
In the case of NRIs, property should be in the name of NRI borrower.