Consumer Durable Loan – State Bank of Travancore
SBT offers Consumer durable loans for purchase of consumer durables like kitchen and home appliances, Televisions , Washing Machines, Refrigerators and Air Conditioners etc.
This Scheme is closed…
Eligibility: state/Central Govt employees/ employees of Public sector undertakings/ executives of reputed companies/establishments, & MNCs with minimum service of two years who are maintaining salary accounts with us under Banks’ corporate salary package will be eligible
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Minimum Income criteria Annual net income of Rs 150,000/-
Maximum Loan amount
8 times of net monthly salary subject to EMI not exceeding 50% of NMI maximum Rs 100,000/-
Margin
20% of the total cost of the items to be purchased.
Period of Loan – 36 months
Repayment – 36 equated monthly installments
Security
Hypothecation of consumer durables purchased out of bank finance.
Personal Guarantee of one person in the absence of check off facility.
In case of existing Housing loan/ Suvidha loan borrowers , extension of Equitable Mortgage of house property
Processing feeRs 50/-(upfront)