Personal Loan Scheme

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Personal Loan Scheme
Under the Scheme, we provide term loan up to maximum amount of Rs2.00 lacs spreading over 60 Equated Monthly Installments so as to meet personal and family needs. In case of salaried persons, we consider up to 30 times of home taking salary and in case of businessmen, they are eligible up to 20 times of income tax paid or due for payment in the last assessment year subject to not exceeding the upper limit of the loan. Or, in other words, a businessman is eligible up to an amount where the monthly installment does not exceed 1/3rd of the monthly average income. And, in either case we entertain post-dated cheques towards repayment of the EMIs.