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AB Personal Loans |
To meet any credit requirements of the borrowers for the personal/unforeseen commitments.
Security
Pledge of National Savings Certificates, Kisan Vikas Patra, Assignment of LIC Policies and Securities. PSU bonds.
Repayment
60 months.
Quantum
75% of the purchase value of securities pledged including the accrued interest (in case of cumulative interest bearing securities).
Co-obligation
For Credit limits above Rs 50,000/- Co-obligation is necessary.
Prevailing Interest rates apply.
Other Personal Loans
| Quantum of Loan |
Processing charges |
Administrative charges |
| Per quarter per account |
Per annum Per account |
| Upto and inclusive of Rs. 25,000/- |
Rs. 250/- |
Rs. 50/- |
Rs. 200/- |
| Above Rs. 25,001 and upto and inclusive of Rs. 50,000/- |
Rs. 500/- |
Rs. 75/- |
Rs. 300/- |
| Above Rs. 50,001 and upto and inclusive of Rs. 75,000/- |
Rs. 750/- |
Rs. 100/- |
Rs. 400/- |
| Above Rs. 75,000/- |
Rs.1000/- |
Rs. 150/- |
Rs. 600/- |
These charges both processing and administrative charges will be applicable to CONSUMER LOANS, CLEAN LOANS & VEHICLE LOANS.
The ‘administrative charges’ will be collected on quarterly basis.
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