Last Updated on 16/10/2019
Special Personal Loan HNI VIP

Purpose

To finance for the purchase of Household goods etc.

Eligibility

Any Individual whose regular income is more than Rs. 75000/- with 2 years of service in the same organization. The age of the individual should be between 25-60 at the time of maturity of the loan

Quantum of Loan

90% of the cost of article subject to maximum of Rs. 25.00 lacs

Margin

10% on cost of the article

Rate of Interest

Retail Credit Interest Rates (Click here)

Repayment

Maximum Repayment is 12-72 EMIs

No Pre payment charges

Security

Loan upto Rs. 15.00 lacs: Hypothecation of purchase of articles purchased out of loan

Loans above Rs. 15.00 lacs: Third party guarantee / Collateral Security along with Hypothecation of article which is purchased out of loan

Processing Charges (Click here)

While all efforts have been made to update the information, constituents are requested to contact the nearest branch for further details.