| Purpose |
- Any purpose including repairs & renovation of buildings, marriage, education, household festivals / functions, medical or any bankable purpose other than speculative
|
| Age of applicant |
- Entry age is 18 years and exit age is 60 years
|
| Income |
- Salaried: Minimum three years of Service (Including previous employment / experience) & confirmed in present employment
- Business: Last three years IT Returns
|
| Take home pay |
- 40% of Gross pay as Net Take Home Income post all EMI deductions (existing and proposed) should be available
|
| Loan amount |
- Min. ₹1.00 lakh
- Max. ₹200.00 lakh
|
| Security/ Margin |
- 50% on Realisable Sale Value (RSV) of SARFAESI compliant immovable commercial / residential property offered as security.
|
| Rate of Interest |
|
| Period of Loan & Repayment |
- 84 EMIs - No holiday period
|
| Processing charges |
- 1.20 % of limit sanctioned
|
| How to apply |
- Please contact nearest Tamil Nadu Grama Bank’s Branch for more details
|
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