| Quantum |
Min
: Rs. 15,000/-
Max : Rs. 2,00,000/- or 5 times gross salary
if salary above Rs. 10,000/-, whichever is
less
Max : Rs. 2,00,000/- or 3 times gross salary
if salary below Rs. 10,000/-, whichever is
less
Net take home salary should be 50% of gross
salary after EMI of proposed loan |
| Margin |
15% |
| Eligibility
Criteria |
Employees
of reputed companies and institutions confirmed
in service
Self employed professionals and other individuals
on merit
Minimum gross salary Rs. 7,000/- p.m |
| Repayment |
In
Equated Monthly Installments through salary
deduction or post dated cheques |
| Security |
Hypothecation
of articles purchased |
| Charges |
Processing
charge of 1% of loan amount, subject to a
minimum of Rs. 250/-. |
| Repayment |
12
months
24 months
36 months
Customers choice. Repayment starts one month
after disbursal |
| Prepayment |
No
pre-payment penalty |
| Disbursement |
Through
Pay Order favoring the seller/dealer after
receipt of margin amount from borrower |
| Appraisal
Docs |
| 1.
Attested copy of latest salary slip
& Form 16 for salaried employees |
| 2.
Income tax returns for the last 3 years
for self-employed persons. |
| 3.
Pass book or bank statements for last
six months |
| 4.
Proof of Age and Residence |
| 5.
Proforma invoice/brochure relating to
article to be purchased |
|
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