VIJAYA MANGALA

 

VIJAYA MANGALA- PRODUCT LILNKED TO HOME LOAN CUSTOMERS.
 
Purpose
For meeting short term credit need of the applicants for medical expenses, marriage of applicant/family members, purchase of consumer durables, etc.
Eligibility
Female Housing loan borrower/s or Wife of home loan borrower or In case of joint male borrowers, their wives jointly can avail the loan
 and
The Home Loan having sanction limit of Rs 5.00 lacs
Amount of loan
Maximum loan of Rs 3.00 lacs OR 10% of Home Loan limit sanctioned Whichever is lower.
Security
1)   Personal guarantee of spouse/all co-borrowers of housing loan account and
2)   Continuing security of housing loan property already mortgaged to us.
Margin
Nil
Rate of Interest
BR+2.50=12.15% at present-Floating
Repayment
Maximum of 60 EMIs
 
 
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MSME