Last Updated on: 16/04/2024
Purpose Purchase of Consumer durables. Consumer durables include all electrical and electronics, wooden and metal furniture etc. Eligibility Individuals with regular income and self-employed persons whose income is above Rs 5000/- per month. Income includes Spouse income. Max age before liquidation of loan is 60 years. Quantum of Loan 10 times the gross monthly salary of the applicant or 90% of the cost of the article whichever is less. Max. Rs. 5 lakhs Income of spouse can be taken while Arriving at loan amount. Margin 10% on the cost of the article to be purchased Repayment Maximum Repayable is 60 Equated Monthly Instalments without Holiday Period. No Prepayment Charges Security Hypothecation of the article purchased out of the loan. Recovery undertaking or salary routing or A suitable third party guarantee should also be provided. Processing Charges As applicable from time to time. Click here for Current Service Charges Our Other Personal Loan Products: Personal Loan Personal Loan Top Up Scheme Personal Loan to HNIs Elite Consumer Durable Loans Did you check out our Home & Mortgage Product Offerings?
Purpose
Purchase of Consumer durables. Consumer durables include all electrical and electronics, wooden and metal furniture etc.
Eligibility
Individuals with regular income and self-employed persons whose income is above Rs 5000/- per month. Income includes Spouse income.
Max age before liquidation of loan is 60 years.
Quantum of Loan
10 times the gross monthly salary of the applicant or 90% of the cost of the article whichever is less. Max. Rs. 5 lakhs Income of spouse can be taken while Arriving at loan amount.
Margin
10% on the cost of the article to be purchased
Repayment
Maximum Repayable is 60 Equated Monthly Instalments without Holiday Period.
No Prepayment Charges
Security
Hypothecation of the article purchased out of the loan. Recovery undertaking or salary routing or A suitable third party guarantee should also be provided.
Processing Charges
As applicable from time to time. Click here for Current Service Charges
Did you check out our Home & Mortgage Product Offerings?