Personal Loan Scheme for Professionals


Personal Loan Scheme for Professionals

Beneficiery Indiviuals Practicing s professioanl such as doctors, advocate, chartered engineers, chartered accountants, company secretary, architects, I.T. professionals, interior designer, acdemicians running coaching centres. Age limit-minimum 21 years and maximum 60 years.
Purpose Credit facility for meeting out socio-economics needs.
Loan Limit 1.5 times of net annual income or Rs.5.00 lacs, whichever is less.
Rate of interest 13.99 % p.a.
Margin No margin money required.
Repayment Maximum 7 years.
Collateral security The collateral security can be in the form of land/builing, NSCs/KVPs/LIC policy and bank deposits.The Valuation of coolateral securities shall be 150% to the loan amount. In addition to that one guarantor knows to the bank will also be taken.
area of operation Loan shall be advanced in the area operation in the kapurthala district.
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