To purchase Consumer Durables / House-Hold Articles, to meet the
Marriage Expenses, Other Family Expenses, etc.
Term Loan
- 6 times of the Gross Salary as per latest Salary Bill with a
maximum of Rs.200000/-. (If Employer deducts and remits the Instalment).
- 6 times of the Gross Salary as per latest Salary Bill with a
maximum of Rs.100000/-. (If borrower remits the Loan
Instalment directly).
Permanent Employees who are confirmed in the services of Government Departments, Reputed Corporate / Business Houses,Teachers Working in recognised Educational Institutions, etc., whose age is below 54 Years
Security :
- Lien over Salary, Bonus and other emoluments.
- Primary :
- Hypothecation of assets created out of the Loan proceeds, suitable Third Party Guarantee, if necessary.
Interest :
Fees & Charges
- 1% of the Loan amount plus applicable taxes