Facility & Purpose
CENT MULTI PURPOSE scheme is targeting those borrowers who have the capacity and are willing to avail a minimum specified loan amount under at least one or more specified Retail Loan Schemes.
The scheme is designed specially for borrowers who are availing Housing Finance from our Bank and also want to avail benefit of hassle free package with certain concessions in respect of interest rates and processing charges in Retail loan scheme of CENT BUY & PERSONAL LOAN.
Eligibility
Individuals including joint borrowers, who are willing to avail minimum total loan of Rs.5.00 lakhs including Housing Loan which is compulsory and one or both of the following Retail Loan Schemes.
2.1. CENTBUY:For purchase of consumer durables or new car.
2.2. PERSONAL LOAN For meeting personal requirements such as marriage of children, Medical Expenses, Inland / Foreign Travels, Family Functions etc.
Amount of Loan
i) HOUSING LOAN Need based-Minimum Rs.2.00 lakhs.
ii) CENT BUY Minimum Rs.50000/- Maximum Rs.10 lakhs.
iii) PERSONAL LOAN Maximum Rs.1.00 lakh.
All terms and conditions of our above mentioned Retail Loan Schemes and Housing Loan Scheme shall be applicable except as mentioned below.
Margin
Name of the scheme CENT MULTIPURPOSE NORMAL SCHEME (Existing)
Housing Loan 10 % 10 %
CENT Buy 10 % 15% for Consumer Durables
20% for Car.
Personal Loan NIL NIL
Security
Housing Loan: Equitable / Registered Mortgage of House /Property / Flat Financed.
Cent Buy : Hypothecation of Consumer Durables / Vehicles financed.
Equitable Mortgage should be for the total amount of loan given under different schemes.
Comprehensive Insurance in case of house / car loans.
Rate of Interest (click here)
