PURPOSE

Personal Loans for any declared legal use which may include;
- Purchase of assets & consumer durable
- Home Improvement
- Tax saving investments
- Higher Education
- Holidays’ Travel
- Emergency Medical Needs
- Investment in Primary/secondary market
- Loan takeover from other financiers/balance transfer for cards

LOAN TYPE

Amortizing Term Loans: Equal installments

AMOUNT

a) Salaried Individuals

b) Self Employed Business

c) Self Employed Professionals

c) Loyalty

d) Balance Transfer Program (Credit cards)

e) Surrogate Programs

Min/Max Amount per Borrower

Rs. 25,000- Rs. 1,000,000 (Cat A Companies)
Rs. 25,000- Rs. 500,000 ( Cat B Companies)
Rs. 25,000- Rs. 200,000 ( Cat C Companies)

Rs. 25,000- Rs.500,000

Rs. 25,000- Rs.1,000,000 (Doctors/Dentists)
Rs. 25,000- Rs. 5,00,000 (Other Professionals)

Rs. 25,000- Rs.300,000

Rs.25,000- Rs.200,000

Rs. 25,000- Rs. 500,000

Tenor

Term Loans : 1 year to 5 years

Interest Rate

Fixed

Applicant Categories

- Salaried Individuals
- Self Employed Professional Individuals
- Self Employed Business Individuals

CO- BORROWER REQUIREMENTS
( applicable for salaried borrowers under verified income program where income requirement is not met on individual basis)

• Eligibility : Salaried Applicants

• Relationship : Spouse only

• Employer : All Public Ltd. Cos, MNCs, Govt. organizations, schools, College, Hospitals, Approved Employers

• Age: 21 to 58 yrs (Max at loan maturity

• Income: Min. Rs 60,000 (verification as per product norms)

MODE OF REPAYMENT

- Post Dated cheques (PDCs) for installment repayments
- Standing Instructions (SI), if customer has an account with DCB
-ECS