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PNB now enables you to possess consumer durables like Refrigerator,
Television, Air Conditioner, Cooking Range, Washing Machine,
Music System, Furniture, Personal Computer and other household
items.
| Eligibility |
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Scheme covers all types of individuals including
agriculturist.
| Amount of Loan |
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Minimum Rs.10,000/-
Maximum Rs.1.00 lac
Margin:
10% of the desired loan amount shall be contributed as margin
money by the Applicant.
| Security |
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Hypothecation
of the articles purchased. Third party guarantee acceptable
to the bank.
| Rate of Interest
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| 1 |
Individuals maintaining any type of deposit account
with our branches with an average balance of Rs.2,000/-
for a period of atleast last one year |
BPLR + Min.3%(Presently 13.75%) |
| 2 |
For other individuals |
BPLR + Min.3.50%(Presently 14.25%) |
| Repayment |
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Amount of loan with interest shall be recovered
in maximum 60 Equated Monthly Instalments (EMIs).
CHECKLIST:
While applying for the loan, the borrower is required to
furnish the following information/papers:
1. Loan application form duly completed with photograph
2. Proof of Income:
Salaried Class : Salary Certificate issued
by employer (indicating gross and net salary) / Income Tax
Return; Statement of account for last six months.
Persons engaged in allied agricultural activities
and agriculturists: Record of land holding &
cropping pattern or any other proof of income.
3. Age proof
4. Address Proof / ID Proof
5. Proforma Invoice from authorized dealer for article to
be purchased.
6. Proof of Income of spouse where the same is to be considered
for determining repaying capacity of the borrower.
7. Any other information which may be necessary.
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