Consumer Durable Loans

ObjectiveThe Bank formulated a scheme for financing individuals for purchase of Consumer Durable Goods like TV, Refrigerator, Washing Machine etc.,
Maximum Loan Maximum Rs. 50,000/- per applicant.
Eligibility CriteriaEmployee working in any PSU/ Central/ State Govt./ Corporate/ Private Company (or) Self-Employeed/ Professional in any Business.
Repayment PeriodThe loan shall be repaid within 12 months in monthly instalments.
Documents Required1. A Copy of Employee ID Card. 
2. Latest Six months Pay Slips. 
3. Bank Account Statement for 6 months(latest).
ROI11% per annum.