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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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