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Interest Rate
Interest rate @ 7.95 % p. a. at monthly rests
Eligibility
1) Individual salaried employees
2) Professionals and self-employed businessmen
3) Partnership firms
For Loans Upto Rs. 15 Lakhs
| CIBIL score above 700 | CIBIL score below 700 and upto 650 |
|---|---|
| 1) Repayment capacity | 1) Repayment capacity |
| 2) 10% margin on ex-showroom | 2) 15% margin on ex-showroom |
| 3) One surety (excluding family member) acceptable to the Bank | 3) One surety (excluding family member) acceptable to the Bank |
| 4) 0.50% processing fee, minimum Rs. 2300/- plus GST | 4) 0.50% processing fee, minimum Rs. 2300/- plus GST |
| 5) 1% pre closure charges for upto 36 months (non-negotiable) | 5) 1% pre closure charges for upto 36 months (non-negotiable) |
| 6) Maximum repayment term 60 months. | 6) Maximum repayment term 60 months. |
| 7) No pre closure charges after 36 months. | 7) No pre closure charges after 36 months. |
For Loans Above Rs. 15 Lakhs Upto Rs 30.00 Lakhs
| CIBIL score above 700 | CIBIL score below 700 and upto 650 |
|---|---|
| 1) Repayment capacity | 1) Repayment capacity |
| 2) 15% margin on ex-showroom price (or 10% margin + collateral security of FD/immovable). | 2) 20% margin on ex-showroom (or 10% margin + collateral security of FD/immovable). |
| 3) One surety (excluding family member) acceptable to the Bank | 3) One surety (excluding family member) acceptable to the Bank |
| 4) 0.50% processing fee, plus GST | 4) 0.50% processing fee, plus GST |
| 5) 1% pre closure charges for closure of loan upto 36 months (non-negotiable). | 5) 1% pre closure charges for closure of loan upto 36 months (non-negotiable). |
| 6) Maximum repayment term 60 months. | 6) Maximum repayment term 60 months. |
| 7) No pre closure charges after 36 months. | 7) No pre closure charges after 36 months. |
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