Last Updated on: 16/04/2024
Purpose Purchase of Consumer Durables, Household goods etc. Eligibility 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 Quantum of Loan Max upto Rs.25 lacs 50% norms including income of spouse; RLCC has the discretion to sanction upto 40% of gross pay. Margin 10% on the cost of the article/s to be purchased Repayment 12 to 72 months. No Holiday Period Security 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 Processing Charges As applicable from time to time. Click here for current Service Charges. Our Other Personal Loan Products: Personal Loan Personal Loan Top Up Scheme Personal Loan to HNIs Consumer Durable Loans Did you check out our Home & Mortgage Product Offerings?
Purpose
Purchase of Consumer Durables, Household goods etc.
Eligibility
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
Quantum of Loan
Max upto Rs.25 lacs 50% norms including income of spouse; RLCC has the discretion to sanction upto 40% of gross pay.
Margin
10% on the cost of the article/s to be purchased
Repayment
12 to 72 months. No Holiday Period
Security
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
Processing Charges
As applicable from time to time. Click here for current Service Charges.
Did you check out our Home & Mortgage Product Offerings?