Consumer Durable Loan

Beneficiary Permanent Employee of organised sector where provident fund is deducted.
Purpose For the Purchase of Durable items .
Loan Limit 10 times of gross monthly salary or 75% of cost of article to be purchased or Rs. 2.00 lac whichever is less.
Rate of Intt 16%
Margin No Margin required.
Repayment Period Maximum 5 years.
Collateral Security Two Good Sureties as per satisfaction of the bank.
Area of Operation Loan shall be advanced in the area operation in the Muktsar district.