|Purpose||To purchase consumer durables like T.V., two-in-ones, stereo / music system, CD player,
computers, printers, refrigerators, micro ovens and other electronic goods.
|Eligible persons||Employees of State / Central Government, Quasi-Government, Coop. Institutions, Financial institutions,
Teachers, Professors, Industrial establishments, etc., businessmen and professionals like Doctors, Lawyers, Chartered Accountants, Consultants, Freelance Photographers, Engineers, etc.
|Quantum||Maximum Rs.1,00,000 or 90% of the cost of the articles or 12 times of the monthly gross salary, whichever is less.|
|Rate of Interest||13% p.a. (subject to change from time to time).|
|Repayment period||36 equated monthly instalments.|