Consumer durables are a category of consumer products that do not have to be purchased frequently because they are made to last for an extended period .
Planning to buy that giant TV or want to rock your home with a large Home Theatre System, we provide financing for all consumer durables.
Financing available for consumer electronics such as Television Panels, Refrigerators, Washing Machine, Air conditioners, Laptops, Furniture through easy EMIs.
Features & Benifits
Eligibilty Criteria
Required Documents
Standard KYC like Pan card, Aadhar Card, Driving License, Voters ID, Electricity bill, Landline bill for establishing Identity Proof and Address Proof, and also to enable running credit checks
Sr.No. | Conditions | Requirements |
---|---|---|
1. | Maximum limit |
Minimum amount of loan will be Rs.50000/- and maximum amount of loan Rs.15,00,000/- or 15 times monthly net salary whichever is less. |
2. | Eligibility |
(i) Confirmed Govt. employees of State/Central Govt.
|
3. | Purposes | To meet the urgent requirements of personal nature such as education, marriage of children, foreign travel, family functions, medical expenses etc. |
4. | Repayment |
60 months or residual service period whichever is less. |
5. | Margin |
NIL |
6. | Security |
i. Third Party guarantee of one employee acceptable to the Bank in case where salary account not maintained with Rewari Coop Branch. |
7. | Rate of Interest |
Fix rate option. |