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Consumer Loan

Covers all your personal needs.

Features & Benefits

  • Zero Processing Fee
  • Interest charged on daily reducing basis
  • No pre-payment charges for repayment through own source
  • Attractive interest rate
  • Simple documentation
  • Easy repayment options - ECS / Post-dated cheques / Standing Instruction
  • Speedy loan approval
  • Offers Insurance cover for all assets at attractive premium

Purpose

  • Purchase Television, Refrigerator, Washing machine, Computers, Dishwasher, Music systems, 2 wheeler, Furniture / Fixtures, Microwave etc

Eligibility

  • Salaried / Professional / Businessmen

Documentation : Refer Basic Documents - Retail Loan

Quantum of loan

  • Rs 2.00 Lacs

In addition to the basic documents

  • Proforma Invoice of an authorised dealer
  • Proof of margin money

Security

  • Hypothecation of article to be purchased

Surety

  • One Guarantor

Repayment

  • Up to 5 years

Conditions Apply