Domestic Loan (Home Appliances)

Purpose

Purchase of new T.V., Freez, A/C., Washing Machine, Laptop, Computer etc. Home Appliance

Eligibility

 Salaried employees, Businessmen, professional self-employed,

Loan Amount

70% of Quotation Price of Goods

Margin       

30 of  Quotation Price

Repayment Period

Maximum 36 months

Share linking

2.5 % of the loan amount sanctioned.

Rate of Interest

11.00 %PA

Guarantee

One /Two guarantor Required  

Security

Hypothecation of particular Goods.

Processing fee

NIL

For Nominal Member

Nominal membership fees – Rs.25/- up to Loan amt Limt Rs. 1 Lacs Deposit Amount – Rs.1000/-

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