Consumption Loan

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consumption_loan



> Consumption Loan

Purpose
Financing for purchase of consumer durables, furniture, Home appliances and financing of marriages etc.

Eligibility
Consumption loan may be sanctioned to those who have regular income sufficient enough to liquidate the loan along with the interest within stipulated period of the repayment.

Quantum of loan
As per norms applicable to bank.

Type of facility
Consumption & personal loans.

Security
As per description of the bank.

Guarantee
Two guarantors of well repute.

Processing Fee
0.50% of the sanctioned loan amount.

Repayment time
60 months.

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(For detail Terms & Conditions, Please contact nearest Branch Manager)