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Target Group:
Individual Doctors & Medical Practitioners.
Purpose:
Any personal purpose including purposes for meeting expenses of professional requirement.
Quatum of Loan:
Amount equivalent to annual income or Rs. 5.00 lacs, whichever is less.
Maxmium Age:
65 years on date of sanction of loan.
Margin:
Nil
Rate of interest:
PLR+1.00%
Processing Fee:
1.00% of loan amount, minimum Rs.500/.
Security:
| i) |
Primary - NIL |
| ii) |
Collateral - Not mandatory |
| iii) |
Personal Gurantee of the Doctors |
Repayment Period:
Maximum 60 months in equal monthly instalments.
Mode of Repayment:
By Post Dated Cheques |
