1 Maximum Limit Rs. 1.00 lakh per borrower employee.
2 Eligibility Employees of Government Department/Boards/ Corporations/ Statutory Bodies etc.
3 Purposes For purchase of consumer durable goods like Computers, TV, Refrigerators, Household furniture, washing Machine etc. for self-use.
4 Eligibility Criteria An employee can avail this loan to the extent of 10 times of his net monthly salary with a maximum limit of Rs. 1.00 lakh.
5 Margin 10 %.
6 Repayment Period 5 years.
7 Security Hypothecation of assets/articles purchased.