 |
Customer friendly and attractive |
|
| Scheme Highlights |
| Target Group |
Purpose |
Salaried class, Pensioners, Professionals, Self Employed business persons and other individuals who have regular income
|
For purchasing consumer durables and white goods like TV, VCR, VCP, Air-conditioners, Refrigerators, Personal Computers and accessories etc.
|
| Eligible Amount |
Interest rate |
- Maximum eligible amount is Rs.50,000/-
- Salaries class/Pensioners: 5 times the gross monthly salary of self and spouse
- Professionals/Businessmen: Based on their repaying capacity assessed based on the proof of income earned by self and spouse, furnished by them
|
12.5% Fixed
|
| Margin |
Repayment |
20%
|
-
Repayment in 48 monthly equated instalments (EMI).
- For non-salaried class, post-dated cheques for six months to be given.
|
| Service Charges |
Rs.250/- (one time)
|
| Security |
Response time |
Hypothecation of goods purchased out of the loan amount
|
Sanction in 48 hours in all focus branches, if the application is complete in all respects.
|
