• Salaried individuals in permanent employment
  • Professionals & self employed persons
Sanction Limit
  • Loan Upto Rs.1.00 lakhs-100% of invoice value of items to be purchased
  • Loan Above Rs.1.00 lakh and below Rs.2.00 lakhs-85% of invoice value to be purchased.
Repayment period
  • 3 years
  • 4 years for staff of institutions banking with us
  • No pre-payment penalty
Rate of interest
  • Asset/s being financed/purchased to be hypothecated (where applicable)
  • Cheques from Business and Salary Accounts to be held on record.
  • Surety of two individuals acceptable to the bank
Documents Required
  • Proof of Residence - Aadhar Card Card/Driving license/ Passport/ Electricity Bill/ Telephone Bill
  • Proof of Income – Latest Salary Slip or Last 3 years
  • Balance Sheets/ Income Tax Returns
  • Proforma Invoices of the articles to be purchased