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VIJAYA MANGALA

VIJAYA MANGALA

 

1

 

 

Purpose

 

Any purpose other than Speculative.

 

2

 

Eligibility

Wife of home loan borrower.

In case home loan is borrowed jointly by husband and wife, then wife is eligible.

In case of joint male borrowers, their wives jointly can avail the loan.

In case of housing loan sanctioned to a single female borrower, she is also eligible for personal loan.

In case of joint female borrowers, they can avail a personal loan jointly (individually Personal loan cannot be availed).

Note:

  •  The housing loan wherein repayment has commenced and is a standard asset for a minimum period of one year, excluding moratorium period, at the time of consideration of personal loan.
  • The Home Loan having sanction limit of Rs 5.00 lacs and above only shall be eligible for personal loan facility.

 

3

 

 

Nature of facility

 

Term Loan.

 

4

 

 

Quantum of Loan  Max/Min.

 

Maximum loan of Rs. 3.00 lakhs OR 10% of Home Loan limit sanctioned whichever is lower.

 

5

 

 

Margin

 

Nil

 

6

 

 

Rate of interest

 

Click here

 

7

 

Security

Continuing security of housing loan property already mortgaged to us.

 

8

 

Guarantor

Personal guarantee of spouse/all co-borrowers of home loan account.

 

9

 

 

Processing fees/other charges

 

Processing charges: 0.25% of loan amount

No Inspection charges.

 

10

 

Repayment

Repayable in maximum of 60 equated monthly instalments. However, the due date should not be beyond the due date of existing home loan account linked to the personal loan.

11
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