Product Description
Consumer Goods : Purchase Of Consumer Goods
Furniture : Purchase Of house-hold Furniture , Furniture (Business
/ Shop / Hotel)
Machinery : Purchase Of Machinery ( New / Old )
Loan Amount : 75 % Of Quotation , In case of old machinery 50 % of
agreement or valuation whichever is low
Repayments : Max. period 60 months for ( A & B ) , Max. period 84
months for ( C & D )
Security : Goods / Furniture / Machinery Purchased , Collateral
security as per loan amount
Eligibility
Guarantor : Two (Creditworthy Guarantor's)
Membership : @ 2.5 % of Loan Amount in share if loan amount > Rs.
1.00 Lakh , Nominal Membership if loan amount < or=Rs. 1.00 Lakh
Rate of interest
Hypothecation Loan Rate of Interest up to 25 lac at 11.00%
Hypothecation Loan Rate of Interest Onwards 25 lac at 12.00%
Documents Required
Quotation
ID & RD Proof's documents of Applicant & Guarantor's
Aadhar Card
PAN Card
Bank Track Record
Latest Income Proof of Applicant
Latest Income Proof of Guarantor's
Borrower's residential proof, Search & title report, valuation, property documents
Terms and Conditions
Pre-closure : No Pre-closure Charges
Loan Processing Fee : As Applicable (Service Charges)
How To Apply
Get a Education Loan in 3 easy steps.
03. Get Response
Our team will contact you promptly to process your application
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