To purchase Consumer Durables / House-Hold Articles, to meet the
Marriage Expenses, Other Family Expenses, etc
Term Loan
- With Collateral cover of 200% and Registration of check-off facility - 10 times of the gross salary as per latest salary bill with a maximum of Rs.10.00 lakh
- Without collateral and Registration of check-off facility – 6 times of the gross salary as per latest salary bill with a maximum of Rs.5.00 lakh
- Without collateral and Registration of check-off facility – 6 times of the gross salary as per latest salary bill with a maximum of Rs.5.00 lakh
Permanent employees who are confirmed in the services of Govt. Departments, Reputed Corporates / Business Houses, Teachers working in recognized Educational Institutions, NRIs etc., whose age is below 54 years.
Security :
- Lien over Salary, Bonus and other emoluments.
- Primary :
- Hypothecation of assets created out of the Loan proceeds, suitable Third Party Guarantee, if necessary.
Interest :
Fees & Charges
- 1% of the Loan amount plus applicable taxes