Personal Loan
SECURED PERSONAL LOAN
Purpose
Domestic needs, religious functions, medical treatment etc.
Eligibility
Salaried Employees / Businessmen / Professionals
Limit of loan
Loan amount not more than 6 times of gross salary or 12 Times of net Salary or Rs. 3 Lacs whichever is lower
Repayment Period
Maximum period 5 Years
Rate of Interest
15.00% P. A.
Processing fees
Processing charges of 1% of loan applied to be paid upfront
Shareholding
Share money of 5% of the loan be taken.
