Surety and Consumer Loan

 Eligibility

 Any person with assured monthly Income

 Rate of interest

 14%*

 Repayment Tenure

 Upto 36 Months

 Loan Limit

 Maximum amount of Rs. 1,00,000/-

 Purpose

 Purchase household articles/furniture, house repairs/renovation, marriage, etc.

 Surety

 Minimum One guarantor with sufficient net worth

 Security

1)      Hypothecation of purchased items out of Bank finance

2)      Any other acceptable movable item.

 Margin

 25% of the Quotation amount

 Other Terms

 Membership is necessary for the borrower and sureties to avail this loan.

* Floating rate of interest

Minimum CIBIL Score 600