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CONSUMER LOANS : |
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1.
Eligibility (Salaried Employees of approved corporates)
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Confirmed
employees with a minimum service of 3 years.
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Age between 18 years to 55 years (the left over service
should cover the loan period). Minimum gross salary
– INR. 15,000/- per month.
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Monthly EMI shall not exceed 40% of net monthly salary.
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2. Purpose : |
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To
meet financing requirements for house renovation,
furnishings, medical treatment, children education,
travel, holidays, purchase of vehicles & consumer
durables and other items.
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3.
Type of Loan : |
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4.
Amount of Loan : |
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| Gross
Salary (amt in INR) |
Eligibility
of Loan (amt in INR) |
| 15,000
to 20,000 |
5 times
of net salary |
| 20,001
to 25,000 |
10
times of net salary |
| 25,001
to 35,000 |
14
times of net salary |
| above
35,000 |
18
times of net salary |
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The
above mentioned critieria is subject to -
- Minimum
Loan Amount – INR. 50,000/-
- Maximum
Loan Amount- INR. 500,000/-
(up to INR. 1,000,000/- for specific purpose e.g. Housing
Loan, education loan etc)
(holiday loans, max. amount INR. 2.00 lacs; repayment
max. 24 Months)
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5.
Period : |
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- Minimum
- 12 months
- Maximum
- 60 months (special cases up-to 84 months with regard
to quantum and purpose of loan)
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6.
Security : |
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7.
Interest Rate : |
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8.
Fees / Charges : |
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- 1% of
the loan amount subject to a minimum of INR.750/- +
taxes.
- Actual
documents charges
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9.
Documents Required : Borrower / Guarantor |
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Last
three months original salary slip.
- Copies
of last 6 months bank statement.
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Proof of residence (Passport/Electricity Bill/ration
card/gas bill/voter’s card).
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Copy of the PAN card.
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Copy of latest form 16 (income tax) from employer.
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Credit Card statement for last 3 months.
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Latest 2 passport size photograph.
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10. Recovery Agents : |
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We have not appointed
any Recovery Agents
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* All the above is subject to terms
and conditions. |
