CONSUMER LOAN

Our low-rate Consumer Loans are a great alternative to high-rate personal credit cards, and we offer a variety of terms to meet your needs. You can purchase any amount of consumer goods or cover your personal expenses (purchase of gold and other speculative activities excluded).

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Eligibility

  • Salaried individuals in permanent employment for minimum period of 3 years
  • Professionals & self-employed persons in business for at least 3 years
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Quantum

UPTO Rs. 1 LAKH
100% of invoice value of items to be purchased

ABOVE Rs. 1 lakh and below Rs. 2 lakhs
85% of invoice value to be purchased

Maximum loan under the scheme is Rs. 5 lakhs

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Repayment Period

3 years

4 years for staff of institutions banking with us

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Security

  • Asset/s being financed/purchased to be hypothecated (where applicable)
  • Cheques from Business and Salary Accounts to be held on record / Salary Deduction to be registered
  • Surety of two individuals acceptable to the bank
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Rate of Interest

  • PLR plus 1.00% i.e. 13.00%

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Documents Required

  • PROOF OF IDENTTIY
    Aadhar Card/Driving license/ Passport/ PAN card/Election card/Job card issued by Govt. agencies
  • PROOF OF RESIDENCE
    Aadhar Card/Driving license/ Passport/ Election card/Job card issued by Govt. agencies
  • PROOF OF INCOME - SALARIED INDIVIDUAL
    Form 16A, Latest Salary Slip for 3 months, Salary bank account statement of last 1 year
  • Proforma invoice of the article to be purchased

LOAN PRODUCTS

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Business Loan

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Scheme for Commercial Transporters

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Pragati Scheme

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Lease Rental Discounting

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Housing Loan

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Personal Vehicle Loan

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Surety/Consumer Loan

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Doctor Care

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Loan Against NSC / KV

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Loan Against Shares and Units of Mutual Funds

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Loan Against Bank Deposit

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Loan Against Insurance Policy

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Gold Loan

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Education Loan

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Travel Loan

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Reverse Mortgage Loan - Aashraya

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Loan Against Property

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Super Bike Loan

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MSE 100

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ccbl@citizencreditbank.com

Citizencredit Co-operative Bank Ltd.
CITIZENCREDIT CENTRE
CTS No:236, Marve Road, Orlem,
Malad (W), Mumbai 400064

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