Computer Loan

Purpose To purchase computers, printers, modems, other computer peripherals and software, etc.
Eligible persons Individuals, Employed persons, Teachers, Professors, Students, Agriculturists, Business people, Professionals like Doctors, Chartered Accountants, Consultants, Freelance Photographers, Engineers, etc.
Quantum Maximum Rs.50,000 or 85% of the cost of the articles or 12 times of the monthly gross salary, whichever is less.
Rate of Interest 14% p.a
Repayment period 60 equated monthly instalments
Security
  • Hypothecation of articles
  • Two guarantors with adequate monthly income