Eligibility

» Account Holder and Member of the Bank

Consumer Goods Furniture Machinery

» Purchase Of Consumer Goods

» Purchase Of house-hold Furniture

» Furniture (Business / Shop / Hotel)

» Purchase Of Machinery (New / Old)

Loan Amount

» 50 % of Quotation

» In case of old machinery 50 % of agreement or valuation whichever is low

Guarantor

» 2 Guarantor’s

Share Linking

» Linking Shares of 2.5 % of Loan Sanction Amount

Repayments

» Max. period 60 months

Security

» Goods / Furniture / Machinery Purchased

» Collateral security as per loan amount

Documents

» Latest Income Proof - Last three I T returns with audited Financial Statement of Applicant & Guarantor’s

» Bank Account Statement (Saving/ Current and Loan if any)

» In case of Salary Earner Employee – Last 6 months Salary Sheet (Certificate) and latest one year Salary bank account statement.

» ID Proof's documents of Applicant & Guarantor's

» Borrower's residential proof, Search & title report, valuation report, other property documents

» Aadhar Card

» PAN Card

Pre-closure

» No Pre-closure Charges

Rate of Interest