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Consumer loan:

“Life is where the home is”, it is said. House is the most sacred, peaceful, and loving place one can think of. Owning a house, equipped with all the comforts and modern gadgets is dream of all of us. The Bank helps in realizing our dream by financing the purchase of consumer durables and utility articles such as fridge, washing machine, cooking range, computers, etc. under the head “Consumer loan”.

Purpose

For purchase of consumer durables and utility articles such as fridge, washing machine, cooking range, computers, etc. under the head "Consumer loan".

Loan amount

Cost or invoice value of the articles to be purchased subject to the maintenance of prescribed margin.

Period of loan

Maximum period of loan is 60 months. It should be paid in EMI.

Rate Of Interest

Please Contact Your Nearest Branch.

Margin

If the loan amount is less than Rs. 1,00,000/-      - Nil
If the loan amount is more than Rs. 1,00,000/-    - 25 %

Guarantee

One or two solvent third parties depending on Loan amount.

Security

Hypothecation of the articles to be purchased.

*Conditions Apply

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