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Purpose
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Purchase of Consumer Durables, Household goods etc.
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Eligibility
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Any Individual whose regular income is more than Rs. 75000/- with 2 years of service in the same organization. The age of the individual should be between 25-60 at the time of maturity of the loan
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Quantum of Loan
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Max upto Rs.25 lacs 50% norms including income of spouse; RLCC has the discretion to sanction upto 40% of gross pay.
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Margin
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10% on the cost of the article/s to be purchased
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Repayment
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12 to 72 months. No Holiday Period
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Security
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Loan upto Rs.15 lacs: Hypothecation of Assets created
Above Rs.15 lacs: Hypothecation of the assets created along with Third Party guarantee/collateral security
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Processing Charges
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As applicable from time to time. Click here for current Service Charges.
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