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Products & Services » Advances » Casy Mithra
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CASY MITHRA - A PERSONAL LOAN SCHEME FOR INDIVIDUALS
Purpose of Advance :
| v | For any legally permitted purpose |
Amount of Advance
| v | Minimum Rs. 0.50 lakh |
Salaried Persons
24 times of net monthly income of the applicant (In case the spouse of the applicant stands as guarantor, his/her net income also can be added for arriving at the quantum of loan)
Others
2 times of the annual taxable income of the loan.
Security
| v | For loan amount upto and inclusive of Rs. 10.00 lakh: House plot/prime commercial plot, with or without building keeping 40% margin | | v | For loan amount above Rs. 10.00 lakh Residential property/prime commercial Property, with building keeping 40 % Margin. |
Guarantee
| v | Personal guarantee of spouse of the applicant |
Rate of interest <
| v | Floating rate - 15.75% p.a. |
Repayment Period
Documents to be produced
| v | Proof of Identity & Residence, Assets, Income etc. from authority. | | v | Photograph of the applicant and guarantors. | | v | Other documents as decided by the sanctioning authority |
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