| LOAN |
FEATURES |
| Purpose |
For meeting any personal needs/genuine requirements of individuals like marriage, treatment, buying of land et. The term 'individuals' shall include individual partners, sole proprietors and partnership institutions. |
| |
|
| Loan limit |
Maximum of Rs. 40 lakh. |
| Repayment period |
10 years (Maximum 120 monthly instalments - EMI) |
| Age |
Minimum age of 21 years. Maximum – 70 years (Under any circumstances the age limit of the person, whose income is considered among the applicants,is to be reckoned. |
| Eligibility / Beneficiaries |
Individuals (Salaried, Non-Salaried, Business Persons),Sole Proprietors, Partner/Proprietor, partnership institutions. |
| Guarantee |
Land taken as collateral security. Land must be at least 3 cents in Corporation and Municipal areasand at least 5 cents in panchayats respectively. Agricultural land will not be taken as collateral. For loans above Rs 10 lakh, 4-wheeler access to property is mandatory |
