Purpose | Provide hassle free revolving credit to customers based on the assessment of cash flow without insistence on security, purpose and end-use of the credit. |
Eligibility | All existing customers with more than 3 years of banking history with the branch. |
Loan amount | Based on the assessment of income and cash flow of the entire household – 20% of the annual income or Rs 25000/- whichever is less. |
ROI | See Interest on loans and advances |
Processing fee | See Service charges |
Repayment period
| O/s should be cleared in yearly / half yearly / quarterly / monthly intervals or atleast 20% of the amount should be repaid. |
Security: | No collateral security. |
Papers / Documents required | d) Application |