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Hire Purchase Loan

Direct purchase with a lump sum places a strain on the family budget.Higher purchase loans can be utilised for purcasing of house hold utensils like fridge, washing machine, A.C. etc. The members of the society can obtain the hire purchase loan by producing the invoice copy of the bill. Disbursement of the loan will be based on the personal suarty. The maximum loan allowed would be 90% of the invoice amount and the maximum amount is 5,00,000/-   for the maximum of 5 years. The present interest rate is 9.5% per annum.Strictly adhere to sending in all applications in legal sized bond paper and without the above documents application will not be accepted.

 

 Amount  No.of months Interest  Surety
 5 lakhs   60  9.5%  Self employment certificate

 Employment Certificate Form

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