- Purchase of Plant & Machinery, Motor Vehicle, Consumer Durables.
|Limit of loan:|
|Eligibility:||For salaried customer:|
For self employed
- 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)
Applicant should be income tax payee.(3years Income Tax return)
|Rate Of Interest|
- Upto 5 lakhs - 13%
- Above 5 lakhs - 12%
- Builders loan - 16.00%
|Repayment Period|| 3 to 5 years|
- Processing fees-As applicable.
- Processing fee-
Up to 50 laks 1%
above 50 lakh 0.50%
- In case of salaried customers salary slip.
- Photographs, identity proof, age proof, photo proof, residence proof of borrower & guarantor.(as per KYC norms)