Missed Call Facility - 88288 11233
Consumer Goods Loan
Purpose
To purchase utility articles such as T.V., V.C.R., Refrigerator, Washing Machine, Air conditioner, Food processors, Cooking Range, Computers, etc.
Eligibility
Permanent employees of a limited company, Govt. undertaking
or state or central govt. employees whose annual income is
minium Rs. 1.20 Lacs
In case of self employeed
businessmen, gross income should be minium of Rs.1.20 Lacs/-
per annum and should have some investments in the securities
eligible for rebate u/s 88 of the Income Tax Act, 1961.
Loan Limit
70% of the cost of the consumer goods or 10 times of net
salary whichever is less.
70% of the gross income as per
latest financial statement incase of self employed person.
Maximum loan per month should not be more than Rs. 1,00,000/-
under this category.
Repayment Period
Upto 36 months.