| LOAN |
FEATURES |
| Purpose |
Loan assistance under the scheme will be extended to the existing customers of the bank including SHG and JLG members, to acquire branded laptop computer/tab for their children from approved dealers. |
| Loan limit |
- Lap top - Maximum of Rs. 50000 or 90% of the cost of laptop computer including connectivity charges whichever is less.
- Tablet - Maximum of Rs. 25000 or 90% of the cost of tablet including connectivity charges whichever is less.
|
| Repayment Period |
Maximum period of 24 months as EMI. |
| Eligibility |
- The existing borrowers of the Bank including members of SHGs affiliated to Kudumbasree, whose children are studying in Government/Aided schools, including Kendra Vidyala/Novodhaya/Sainik School in Kerala.
- Applicant/Guarantor should have a satisfactory credit score (minimum above 600) as prescribed by the Bank from any of the credit information companies (CICs) viz. CIBIL, CRIF etc.
- Certificate from the Principal/Head Master is required.
- The existing loan should be regular.
- Aadhaar seeded ‘Kutty Account’ of the student must be opened.
|
| Nature of facility |
Term Loan |
