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Eligibility

Nominal Member of the Bank.

Purpose

For the purchase of consumer durables and household articles such as TV, refrigerators, music systems, computer systems, laptops, furniture, sofas, and recliners.

Amount

Maximum Rs.1,00,000/-

Margin

As per Banks Guidelines*

Repayment

Maximum 24 monthly equated installments. Standing instructions for existing clients. PDCs to be obtained for new clients.

Processing Fees

As per Banks Guidelines*

Rate of Interest

Interest will be applicable as per the Bank's prevailing Interest rates and scheme terms. click here

Disbursement

Direct to the dealer/supplier against the invoice. Suitable tie-ups to be made by the bank for the respective product dealer.

Security

Hypothecation of household articles purchased.