Purpose : To meet urgent personal needs / purchase
consumer durables like TV, Fridge, Washing Machine, Audio / Video Equipment etc.
Eligibility : Agriculturists
Quantum : 50% of average gross annual income
or Rs. 1 lakh which ever is less for clean loans. 80% of the consumer durable or
50% of annual income or 0.50 lakh whichever is less.
Repayment : Not exceeding 3 years
Requirements :
- a) Proof of income.
- b) Third party guarantee acceptable to the Bank.
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