SECURED LOAN
A Secured Loan is a loan where the borrower he will pledges for some asset which is used as Collateral. In this type product they will be sanctioning loan process for personal & commercial use.
Features & Benefits:-
- Attractive Interests Rates.
Eligibility :
- Member of the HIMSTAR GROUP
- Holding either single account or joint account with other family members’ viz., father, mother, wife, son or daughter with regular source of income.
- Individuals who may be employed/self-employed in business having regular income.
- Permanent employee of Central/State/Defence//Public or Joint Sector Undertaking/reputed firms/established Educational Inst/Professional/Businessmen having regular income.
Purpose of Loan
- *Up-gradation, renovation and extension of residential property.
- *Medical, emergency expenditure for maintenance of family.
- *To meet the Wedding Expenditure.
- *Major Surgical operation.
- *For expansion of your existing business or begin a dream venture.
- *Meeting any other genuine need as may be specified by the Borrower and agreed to by the Lender.
- *Planning to start a small Business.
Quantum of Finance
* As per eligibility and Income Earning Capacity.Repayment Details
* By EMI or Regular.Processing Charges & Service Tax
* Processing Fees and Other Charges (Inclusive) PLUS Service Tax as applicable.
Supporting Documents for Loan Sanctioning
Photo Identity Proof:
- *– Pass port
- *– PAN card
- *– Voters Identity Card
- *– Driving License
- *– Telephone Bill
- *– Letter from any recognized Public Authority
- *– Electricity Bill
- *– Ration Card
- *– Letter from employer subject to satisfaction on Bank
- *– Properly Tax Book/Receipt
– Registered Lease Deed - *Application on Prescribed form
- *Two photographs of Borrower and Guarantors
- *Address proof of Borrower and Guarantors (copy of Ration Card, Election card, Telephone bill, Driving License etc.)
- *Income proof, Copy of Income Tax Return, Financial Statement of the Firm, Sales Tax returns etc.
- *Profile of Guarantors.
- *Loan should be guaranteed by three financially sound Guarantors having net individual worth twice the loan amount.
- *Any other marketable security.