Loans - Term Loan

Term Loan Help Line No(Toll Free). 1800 233 0011
TitleDescription
Purpose
  • Purchase of Plant & Machinery, Motor Vehicle, Consumer Durables.
Limit of loan:
  • 75% of Quotation
Eligibility:For salaried customer:
  • Applicant should have permanent job in government, co-operative or in private sector
  • Undertaking regarding deduction of installment from salary is required.
  • Total deduction including installment of loan should not be more than 65% of monthly payment.
  • Applicant should be income tax payee. (3years Income Tax return)
For self employed
Applicant should be income tax payee.(3years Income Tax return)
Rate Of Interest
  • 15.50%
Repayment Period 3 to 5 years
Security
  • Two guarantors.
Other Charges
  1. Processing fees-As applicable.
  2. Processing fee-
    Up to 50 laks 1%
    above 50 lakh 0.50%
Documents
  • Quotation
  • In case of salaried customers salary slip.
  • Photographs, identity proof, age proof, photo proof, residence proof of borrower & guarantor.(as per KYC norms)