Salaried individual in confirmed service with a take home pay of not less than 50% of gross salary or a business man or a professional with at least 3 years standing in the line of activity. Should own a residential house or flat etc
Purpose
For repairs, renovation, up gradation, modifications of any kind such as undertaking routine repairs, painting, rewiring, changing the tiles, fixing marbles, making additions such as cupboards, doing woodwork etc. to the existing house or flat.
Loan amount
The loan amount depends on the actual estimate of the work to be undertaken and the repaying capacity of the applicant. The minimum loan amount is Rs.25,000/- and the maximum is Rs.5.00 lakhs.
Rate of interest: Please click Retail credit interest rate
Repayment the loan
The loan is repaid in a maximum of 120 Equated Monthly Installments. The repayment period also depends on the number of years service left in the case of persons in service. No Prepayment charges
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