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Features of Term Loan-3

Term loan can cover our various personal expenses like marriages, home renovations, appliance purchase, vehicle financing, emergency expenses and medical emergency.

Tenure is 3 years

Hassle-free Loan Processing

ROI 21%

1

Aspects

  • Hassle-free Loan Processing
  • Free to use the funds for any purpose.
  • Maximum loan limit is up to Rs.2 Lacs.
  • Maximum loan tenure of three years is allotted.
  • Pre-Payment Penalty : 2% Penalty charges.
  • No need to provide collateral against the loan.
  • No margin amount.
2

ROI & Handling Charges

  • Rate of Interest is 21%.
  • No Handling Charges.
3

Eligibility

  • Salaried Individual, having a regular monthly income of Rs.10,000+
  • Businessmen
  • Self - employed
  • Professionals having regular source of income
  • Age : 18 to 55 years
4

Documentation & Security

  • In case of new customer, applicant & guarantors need to open savings / current account.
  • Duly filled form with :
    • Income Proof of Applicant & Guarantors
    • Residential Proof of Applicant & Guarantors
    • PAN Card of Applicant & Guarantors
    • KYC of Applicant & Guarantors
  • 3 years of ITR
  • Employer (salary slip of 3 months) and income verification
  • Two Acceptable Guarantors.
  • No Prime Security
5

Share Holdings

  • Regular Membership fees is Rs. 10 & Share amount @ 10% of loan amount.
  • Guarantors : Nominal membership.

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