Purpose

• Purchase of Brand New 4-Wheeler including Jeep, Vans-Both
• Purchase of Pre-Owned 4-Wheeler, not older than 3 year
• Purchase of New Electrical 4-Wheeler
• Individuals may apply singly or jointly with other eligible individuals

Eligibility

• All the individual borrowers/professionals/reputed firms/companies
• Salaried Individuals Minimum gross salary of Rs 3.00 Lakh p.a.
• Other than Salaried Individuals Minimum gross annual income of Rs.3.00 Lakh p.a. as per latest ITR/ITAO subject to 3 years Gross Average Annual Income of not less than Rs. 2.50 Lakh
• Corporates - With subject to the satisfactory credit worthiness in respect of firms/companies by their net worth, repaying capacity, etc

Benefits

• No upper limit in Vehicle loan quantum
• Upto 90% financing for new vehicle
• Minimal processing charge
• Lower Rate of Interest
• No pre-payment penalty
• Quick Vehicle loan approval & disbursement
• Avail Loan to buy Pre-Owned Vehicle

Loan Quantum

• No upper limit on loan quantum
• For Pre owned cars max Rs.50 Lakh (subject to required margin norms)

84 months for new vehicles and 60 months for Preowned vehicles

Eligibility

• Student should be an Indian National
• NRI/OCI/PIO Students

Benefits

• No Collateral for loan upto Rs 7.50 Lakhs.
• Lower Rate of Interest
• No Prepayment penalt
• Quick processing and Disbursement

Loan Quantum

• Need-based finance with the required margin on eligible expenses will be considered for Education Loan

Eligible Courses

• Inland Studies : Graduation, post-graduation, including technical/professional courses from reputed colleges/universities approved by UGC/Government, AICTE/Department of Electronics/IMC, autonomous institutions like IIM, IIT, etc. Any courses leading to degree/diploma from reputed Institutes/Colleges/Universities for studies in India
• Abroad Studies: Course which lead to undergraduate, Post Graduation/PHD, Post Graduate Diploma etc are eligible

Margin

• For Loans upto Rs.4.00 Lakhs - NIL
• For Loans above Rs.4.00 Lakhs - Studies in India - 5% and Studies abroad - 15%

Repayment of the loan will be in equated monthly Installments up to a maximum of 15 years excluding the moratorium period ( i.e., course period plus one year). No prepayment penalty will be levied for prepayment of loan at any time during the repayment period

Purpose

• Families belonging to EWS/LIG/MIG category, living in urban areas, having no pucca house/Flat anywhere in the country, are eligible under the scheme
• Purchase of a ready built house / flat in urban/Metro areas
• Construction of house / flat in urban/Metro areas
• Purchase of a site and construction of a house as per the eligibility

Eligibility

• Families belonging to EWS/LIG/MIG category, living in urban areas, having no pucca house/Flat anywhere in the country, are eligible to purchase or construct a house under the scheme
• Age of the beneficiaries shall be 21 years to 75 years
• For Salaried/Employed beneficiaries - Salary certificate, salary slips, Form 16, ITRs whichever is applicable to be obtained, verified and satisfied
• For Self Employed/professional and other beneficiaries -
• Self-declared income certificate/affidavit can be obtained for annual income up to Rs 3.00 lakhs (up to taxable income limit)
• For annual income above Rs 3.00 lakhs, suitable income proofs as per existing guidelines to be obtained and verified to satisfy the same

Key Benefits

• Lower Rate of Interest
• No Prepayment penalty
• Loans sanctioned to beneficiaries of EWS/LIG/MIG under the product are eligible for interest subsidy
• subsidy of Rs. 1.80 lakh shall be provided to eligible beneficiaries having loan tenure of more than five years

Loan Quantum

• Four-times annual gross income with NTH of 25% after considering the EMI of the proposed loan, subject to the condition that the minimum amount of Net income/NTH quantum shall be stipulated at Rs. 10,000/-
• OR 90% of the project cost (OR) Rs 25.00 Lakhs, whichever is lower
• The value of the house/flat shall not exceed Rs. 35.00 Lakhs

Annual Income

• Economically Weaker Section (EWS): Up to Rs. 3.00 Lakh
• Low Income Group (LIG): Above Rs. 3.00 Lakh and up to Rs. 6.00 Lakh
• Middle Income Group (MIG): Above Rs. 6.00 Lakh and up to Rs. 9.00 Lakh

The maximum repayment period is 30 years or until the applicant/co-obligant reaches 75 years of age, whichever is earlier

Purpose

• To pursue higher studies in India in Quality Higher Educational Institutions (QHEIs) identified by Ministry of Education (MOE)

Eligibility

• Student should be an Indian National
• OCI/PIO category are eligible for pursuing education in India
• Students admitted through open competitive examinations/ merit-based admission in the QHEIs identified by MOE for degree/ diploma programmes

Key Benefits

• NIL Processing Charges
• No Guarantor & No Collateral Security
• Lower Rate of Interest
• No Prepayment penalty
• Need based finance with required margin on eligible expenses shall be considered for Education Loan in Quality Higher Educational Institutions identified by MOE.
• Annual family income is up to Rs. 4.5 lakhs, shall be eligible for full interest subvention during moratorium period for education loan up to Rs. 10 lakhs
• Annual family income is between Rs. 4.5 lakhs and Rs. 8 lakhs shall be eligible to apply for 3% interest subvention during moratorium period for education loan up to Rs. 10 lakhs

Loan Quantum

• Need based finance with required margin on eligible expenses shall be considered for Education Loan in Quality Higher Educational Institutions identified by MOE.

Eligible Courses

• All Graduation, Post-Graduation, Degree, Diploma, and Integrated courses offered by the identified QHEIs are eligible

The repayment period of the education loan would be up to 15 years, excluding the moratorium period (Course period + 1 year). No prepayment penalty will be levied for prepayment of loan any time during the repayment period.

Purpose

• Purchase of a ready built house / flat
• Construction of house / flat
• Purchase of a site and construction of a house as per the eligibility
• To extend an existing House, Repair/Renovate an existing House/Flat located in metro/urban areas

Eligibility

• Annual Income up to Rs. 9.00 lakhs, Income of up to 4 members of the household can be combined to calculate eligibility
• Running bank account or UPI transaction history minimum 24 months
• Entry Age: 21 to 60 years
• Individuals with a source of income either having minimal or no documented income or income proof but have digital footprints of banking and other economic activities
• Eligible customers in metro/urban areas includes -
• Salaried/Non-Salaried Class
• Small traders, shopkeepers, Skilled and Semi-Skilled workers/ artisans in unorganized sector
• Members of SHGs, beneficiaries of PM SVANidhi, PM Vishwakarma, Mudra, Stand Up India
• All beneficiary groups under PMAY-U 2.0

Key Benefits

• Minimal or Nil documented income
• Lower Rate of Interest
• No Prepayment penalty
• Housing loans upto Rs. 20.00 lakhs sanctioned and disbursed are eligible for Credit Guarantee Cover for the purchase or construction of first House.

Loan Quantum

• For New Home Loans :
• Metro Centres: Rs 35.00 Lakhs, subject to Max Project Cost of Rs. 45.00 Lakhs
• Other Centres: Rs 25.00 Lakhs, subject to Max Project Cost of Rs. 30.00 Lakhs
• For Repair and Renovation :
• Metro Centres: Rs. 10.00 Lakhs
• Other Centres: Rs. 6.00 Lakhs

Guarantee Coverage

• Housing loans upto Rs. 20 lakh sanctioned and disbursed to eligible beneficiaries/ borrowers under this scheme for construction or purchase of first house with a carpet area upto 60 Sqm are eligible to cover under Credit Risk Guarantee Fund Trust for Low Income Housing Scheme (CRGFTLIH Scheme).
• Home Loans granted to borrowers under EWS (annual household income up to Rs. 3 lakh) and LIG category (annual household income up to Rs. 6 lakh) are eligible for Guarantee Coverage

Maximum up to 25 years

CRTS - PMSGY – upto Rs. 2.00 lakhs:

Eligibility

• All individuals i.e Resident Indian Citizens & Non-Resident Indians (NRI) [Persons of Indian Origin (PIOs) & Overseas Citizenship of India (OCI)] are eligible under subject scheme.
• Salaried/Non-Salaried and Professionals Class who are credit worthy including ex-employees & our employees.
• Age: Minimum entry age 18 years & Maximum entry Age 75 years. Wherever the age of the applicant is beyond 65 years the loan shall be sanctioned along with the co-obligation of legal heir aged below 60 year

Key Benefits

• No income proofs required, No minimum Annual Income & NTH criteria
• No collateral security required, only hypothecation of the equipment purchased out of the loan
• No Processing or Service Charges
• Maximum Subsidy upto Rs. 78,000/- from MNRE (Government of India)

Loan Quantum

• Maximum upto Rs.2.00 lakh (including subsidy)

Margin

• Minimum 10% of total project cost

Maximum period of 10 years

CRTS - PMSGY – above Rs. 2.00 lakhs:

Eligibility

• All individuals i.e Resident Indian Citizens & Non-Resident Indians (NRI) [Persons of Indian Origin (PIOs) & Overseas Citizenship of India (OCI)] are eligible under subject scheme
• Salaried/Non-Salaried and Professionals Class who are credit worthy including ex-employees & our employees
• Age: Minimum entry age 18 years & Maximum entry Age 75 years. Wherever the age of the applicant is beyond 65 years the loan shall be sanctioned along with the co-obligation of legal heir aged below 60 years

Key Benefits

• No collateral security required, only hypothecation of the equipment purchased out of the loan
• No Processing or Service Charges
• Maximum Subsidy upto Rs. 78,000/- from MNRE (Government of India)

Loan Quantum

• Loan amount above Rs. 2.00 Lakhs & Maximum upto Rs 6.00 Lakhs (including subsidy)

Margin

• Minimum 20% of total project cost

Net Annual Income/NTH

• Rs. 3.00 Lakh Minimum Annual Income
• NTH: Applicant should have minimum monthly net take home income of 25% of their gross income OR Rs. 10,000/- whichever is higher after meeting the existing loan instalments along with the proposed loan