Consumer Durable Loan for Employees



Quantum of Loan
This scheme is an own fund scheme of the corporation. Maximum loan amount available under the Scheme is Rs.50,000/-

Eligibility
1.The applicant must belong to any one of the notified other Backward Classes and minorities of the state.
2.The annual family income of the applicant must be below Rs.3,00,000/-
3.The age of the applicant should be between 18 and 50 years.

Rate of interest and repayment
The rate of interest is 8.5%. The entire loan amount shall be repaid within a period of not exceeding 60 months in equated monthly installments .