| Purpose |
To purchase computers, printers, modems, other computer peripherals and software, etc. |
| Eligible persons |
Individuals, Employed persons, Teachers, Professors, Students, Agriculturists, Business people, Professionals like Doctors, Chartered Accountants, Consultants, Freelance Photographers, Engineers, etc. |
| Quantum |
Maximum Rs.50,000 or 85% of the cost of the articles or 12 times of the monthly gross salary, whichever is less. |
| Rate of Interest |
14% p.a |
| Repayment period |
60 equated monthly instalments |
| Security |
- Hypothecation of articles
- Two guarantors with adequate monthly income
|
