Objective
To make available Financial Assistance to self-employed for their personal needs.
Purpose
- For personal use.
- The scheme is applicable to professional and initially scheme shall be applicable to CA/CS, Data Analysts, Architect/ Valuers, LIC Agents, Engineers, Software Developers and Financial Consultants only
Eligibility
Individual only – Professionals having minimum gross annual income (GAI) of Rs. 6.00 lakh for the last two years and also having minimum CIC score of 750 and above.
Maintaining his/her Saving Fund/ Current Account satisfactorily with us for the last 2 years with minimum annual credit transactions in all saving/ current accounts of the customer in our bank/ other banks, in similar capacity, amounting to Rs5.00 lac in the previous financial year
Quantum Of Finance
10 times of average Gross monthly income of last two years with a maximum of Rs.5.00 Lakh*
Margin
Nil
Security
- Suitable third party guarantee, other than close relative, acceptable to the Bank, having minimum gross annual income (GAI) of Rs. 6.00 lakh for the last two years.
- CIC score of guarantor will be minimum 650
Repayment (Maximum)
Maximum 60 EMIs or up to 65 years of age whichever is earlier
Prepayment Charges
Nil