• Purchase of Mobile Phones (IOS, Blackberry, Android and Windows based).
  • Permanent Employees/Pensioners of State/Central Government, Government/Semi-Government Undertakings & Autonomous Bodies drawing salary through our Bank and where letter of undertaking from employer is available.
  • Customers already availing credit facilities (for more than 2 years) without any past dues of more than one month on the loan.
  • Minimum age: 21 years.
  • Maximum age at loan maturity: Employee’s date of retirement or 60 years, whichever is earlier, while as for others, it is 65 years.
  • Minimum Finance: 10,000.
  • Maximum Finance: 75,000 or 12 months net income for purchasing upto three Smartphones or 90% of the invoice value of the Smartphone(s) whichever is lower.
  • Maximum finance (in case of individual small businessmen who do not file their tax returns and do not maintain the financial statements) is 10% of the credits in the operative account of the borrower during the last 12 months or 90% of the invoice value of the Smartphone(s), whichever is lower.
  • For Govt. employees gross deductions should not exceed 60% of gross salary while as for others deductions should not exceed 50% of gross income.
  • 10% of the invoice value
  • Primary: NIL
  • Collateral: NIL
  • 30 Equated Monthly Installments.
  • No penalty on prepayment or/and foreclosure of the loan.