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Loans
to individuals... |
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Facilities |
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NRI |
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Loan for Purchase of new
Consumer Durable Items- Sampurna Griha (A)&(B) NRI: |
'SAMPURNA GRIHA-A'.
For existing Borrowers:
This Scheme is applicable for Purchase of Consumer Durable items as part of the
Housing Loan.
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- PURPOSE
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Loans are available at selected centres for Purchase of new Consumer Durable items like :
1. Computer
2. Television
3. Music System
4. Air Conditioner
5. Washing Machine
6. Refrigerator
7. Microwave Oven
8. Cooking Range
9. Furniture.
AMOUNT
OF LOAN - Rs.25,000 to RS.2,00,000 not exceeding 5% of the Cost of Property
RATE
OF INTEREST - Term of Loan, Mode of Repayment, Security, Life Insurance Cover,
Front-end Charges etc., are same as under Housing loan Sanctioned
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'SAMPURNA GRIHA-B' for furnishing their homes and living in an enriched atmosphere.
This Scheme is for purchase of Consumer Durable items, is applicable to Existing
Borrowers with Default free record for atleast 1 year at selected centres.
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PURPOSE
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Loans are available at selected centres for purchase of new Consumer Durable items like :
1. Computer
2. Television
3. Music System
4. Air Conditioner
5. Washing Machine
6. Refrigerator
7. Microwave Oven
8. Cooking Range
9. Furniture.
AMOUNT
OF LOAN -
Rs.25,000 to RS.2,00,000 (The original loan sanctioned was atleast Rs.2,00,000/-and
the balance term of the original loan is 3 years )
RATE
OF INTEREST - Interest @ 13.25% p.a is calculated on Annual Rests.
TERM
OF LOAN - Upto 3 Years, but not beyond the term of the existing loan.
MODE
OF REPAYMENT - By Equated Monthly Instalments (EMI) - Annual Rest Basis.
SECURITY
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1. Equitable Mortgage of House/Flat (Additional charge to the extent of this loan)
2. One Guarantor.
LIFE
INSURANCE COVER - Life Insurance Cover is not required but advisable in the interest
of the Applicants.
FRONT-END
CHARGES -Non Refundable Administrative Fee, payable on Sanction of Loan -
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| Upto Rs.25,00,000 |
1.00% of Loan Sanctioned (Max. Rs.20,000) |
| Above Rs.25,00,000 |
1.00% of Loan Sanctioned (Max. Rs.25,000) |
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