Maximum Amount | Security | Maximum Tenor | Grace Period |
1.0 Mn | One personal guarantor acceptable to the bank | 05 years (including grace period) | 1 year (if required)* |
2.0 Mn | Two personal guarantors acceptable to the bank |
*0.5% additional interest rate will be added to the prevailing interest rate and interest portion should be paid within the grace period.
4.0 Direct payment will be made to the vendor.
5.0 Interest Rate applicable will be as follows.
Type of Security | Interest Rates (% p. a.) |
Up to 3 years | Above 3 years up to 5 years |
On property mortgage | 9.00 | 9.50 |
Other Securities | 9.25 | 9.75 |
For further details with regard to the above loan product, please feel free to contact us on 011-2481623.