i.

Eligibility

Any Individual member, including Nominal Member of the bank.

ii.

Purpose

For purchase of new Computers, Television Set, Refrigerator, Washing Machines and other consumer durables.

iii.

Maximum Limit

Rs. 50,000/- .

iv.

Period of repayment

Up to maximum of 36 months.

v.

Rate of Interest and
other charges

As per bank’s rules from time to time.

vi.

Sureties

Two sureties as per bank’s rules.

Payment direct to the  Vendors for full cost of the goods / articles as per Performa Invoice, subject to recovery of margin money from the borrower.

Copies of Invoice and Receipt  to be obtained and kept on record till the liquidation of Bank’s entire dues.