Personal Loan is subjected to that type of customer who want to borrow to fulfill their personal needs like debt consolidation, or to purchase durable equipments, education expenses, or medical, or other personal consumption and are amortized over a fixed term with regular payments of principal and interest. Base Rate+Premium Rate(2-5%) of interest rate.
- Customers can pay their installment in quarterly basis or in monthly basis as per their requirement and request.
- The time period of loan could be 1 year - 5 year.
- Customers can borrow maximum 50% of valuation amount.
- Upto 1.75% service charge on sanction amount will be charged to the customer.