Objective | The Bank formulated a scheme for financing individuals for purchase of Consumer Durable Goods like TV, Refrigerator, Washing Machine etc., |
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Maximum Loan | Maximum Rs. 50,000/- per applicant. |
Eligibility Criteria | Employee working in any PSU/ Central/ State Govt./ Corporate/ Private Company (or) Self-Employeed/ Professional in any Business. |
Repayment Period | The loan shall be repaid within 12 months in monthly instalments. |
Documents Required | 1. A Copy of Employee ID Card. 2. Latest Six months Pay Slips. 3. Bank Account Statement for 6 months(latest). |
ROI | 11% per annum. |