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Eligibility : |
- Sufficient Cash flows to repay. Salary disbursed through our branch for Min. for 3 months. Employee's of Govt. reputed PSU. or Profit Making Public Limited Comapny with min of 1 year's Confirm service.
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Rate Of Int :
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14% |
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Repayment Period :
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In EMI of 12 to 36 months as per capacity wishes of the borrower. Total deduction including EMI not to exceed 60% of salary.
Renewal of loans may be considered after 24 Months.
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Proposal Processing Charge:
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1% of Loan Amount.
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Margin :
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No Margin.
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Max & Min Loan:
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Minimum: 30,000
Maximum: 2,50,000 OR 15 NMI Whichever is Less
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Moratotium : | |
Security : |
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Loan Upto Rs. 50,000/-
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One TPG acceptable to the Bank.
- 4 Advance Post dated cheques for Quarterly EMI.
- Loan Rs. 50,001/- to Rs. 2,50,000/-
- Two TPG acceptable to the Bank.
- 4 Advance Post dated cheques for Quarterly EMI.
- Irrecvocable letter of authority from borrower.
- Letter from employer accepting borrower's authority letter.
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