Personal Loan

• Purpose :
  For Repairs, Renovation of house, Furniture Purchase / consumer durables purchase
  "Paryatan" (Travel) Loan upto Rs. 50,000/-
• Eligibility :
  Salaried Employees / Businessmen having regular source of income
• Loan Amount :
  Maximum Rs. 1.00 Lakh
• Margin :
  30% of Quotation
• Repayment :
  Maximum 5 years.
• Rate of Interest :
  15%
• Security :
  Hypothecation of consumer durables to be purchased.
• Guarantee :
  Two competent guarantors acceptable to bank.
• Processing Charges :
  0.5% of the loan amount applied.
• Shareholding :
  2.50% of loan amount
• Documents Required :
  I. Latest Photograph, Photo Identity Proof, Residence proof of the Applicant and Guarantors
  II. In case of salaried person, salary slip for last 3 months and bank statement for last 6 months, ITR for 3 years
  III. In case of businessman, last 2 years profit & loss, balancesheet, ITR copies of last 3 years and bank statement of      business account for last 6 months
  IV. Quotation of consumer durables or proposed expenses.