Interest Rate ( Reducing)
Calculated Monthly EMI
Total Payment Amount
Total Interest Amount
Type of deposit
* Select a type
No. of Years
Interest Rate On Deposits
ATM Card Facility
SMS Alerts & Email Statement
RTGS & NEFT
Cheque Book Facility
Financial Position Report
For purchase of Consumer Goods / Furniture & Fixtures etc.
Purchase of New / Old machinery / equipment’s
Who can Benefit this Loan
Any Account Holder who is Businessman / Professional with repaying capacity
For purchase of flat / Bungalow etc. Registered Agreements value plus stamp duty, registration fees or value as per valuation form our panel valuer whichever is less.
For construction of house, bungalows, etc. and Additions / alterations / repairs – As per estimate / quotations submitted.
75 % of invoice price of consumer durables to be purchased.
Hypothecation of consumer durables to be purchased
Additional Collateral Security ( If required )
Must be insured with full value of consumer durables with Bank's clause.
Maximum 84 months
Moratorium period allowed
Loan Application form
Current Account Statement for verification
Certified audited balance sheet for last 3 years
List of Machinery with valuable quotation
last three years Income proof of Borrower & Guarantors
KYC of borrower and Guarantors
Last 3 years of ITR or Project Report
Income proof for last three years if businessman / current 3 months’ payslips if salary earner, IT return last 3 year
Copy of rent receipt / maintenance receipt / leave and license agreement
Statement of Annual turnover of accounts with other financial institutions
Sale / Purchase / Service charges received / paid from the date of last balance sheet till last completed month
No Prepayment charges
No Pre Closure Charges
Repayment EMI at monthly rest
** FOR MORE DETAILS INFORMATION CONTACT TO YOUR NEAREST BRANCH **