Saral Finance to Businessmen | Jammu and Kashmir J&K Bank

NATURE OF FACILITY

Term Loan.

PURPOSE

For any Personal need.

QUANTUM OF FINANCE

30 months net monthly income or Rs.5.00 lacs whichever is lower.

ELIGIBILITY

Existing borrowers having minimum three years of satisfactory dealings with our bank and availing loan facilities in the shape of cash credit/secured overdraft /term loans.
Platinum & Gold Current Account holders with minimum 1-year standing in the said category with 2 penalties (maximum) for not maintaining AMB during the period.

SECURITY

3rd party guarantee of one person.
ECS/ RECS Mandate to be obtained, (PDC’s where ECS/RECS not available)

MARGIN

NIL

Rate of Interest (Subject to Change)

· Applicable MCLR +4.00% (fixed) .
Click here for rate of Interest

REPAYMENT PERIOD

5 years (60 months).

PROCESSING CHARGES

₹1000 + GST