Consumer Loan

Purpose

• For purchase of Furniture, TV, Fridge and washing machine.
• Other household articles

Eligibility

Salaried Employees/Businessmen, professionals having regular source of income

 

Loan maximum limit

Upto Rs. 5.00 lakhs

Security

Hypothecation / Against Salary deduction from employer in prescribed form

Term of Repayment

Upto 5 years

Rate of Interest

Salaried earners upto R.s 5.00 Lakhs 

10% p.a at monthly rest when mandate from employer to deduct instalments

12% p.a at monthly rest when mandate from employer to deduct instalments is not given.

Others

12% p.a at monthly rest for other than salaried 

 

For further details about the scheme you may visit any of the Branches or call Branch Manager.