Features and Benefits
- This is a short-term, long-term loan.
- The loan is granted for personal purposes.
- Process is paperless, quick and convenient.
- In principle sanction provided in 15 minutes subject to satisfaction of CIBIL and rating scores.
Charges and Limits
|Quantum of Loan||PL Unsecured Loan : Minimum Rs. 0.50 Lakhs Maximum Rs. 10 Lakhs. |
PL Secured Loan : Minimum Rs. 0.50 Lakhs.
|Maximum Repayment Tenor||In Installments (EMI) or Bullet / Lump sum Payment at the end of the validity period. |
In case of LIC Policies - Repayment under EMI up to 60 months.
|Primary security||Demand Promissory note|
|Collateral Security||In case of Secured Loan: Government Bonds, Bank Deposits, Land & Building etc. Subject to the satisfaction of the bank.|
|Guarantee||A suitable Guarantor with sufficient net worth, acceptable to the Bank (preferably spouse or family members or friends)|
|Processing Charges||1.00% of the loan requested amount.|
|Other Terms & Conditions|| |