Apex Women

Loan sanctioned to women to meet their genuine personal needs like buying household articles, gifts and jewellery.

Purpose:

To meet genuine personal needs like buying household articles, gifts, jewellery other than speculative purposes.

Eligibility:

Women between 18 and 55 years both existing & new customers.
Married or single.
Working or non working women.
Defaulters under any scheme are not eligible.

Quantum:

For Working women

10 months Gross (OR) Rs.1,00,000/-, whichever is less.
Minimum take home salary to be 40% of gross salary.
If an business, gross annual income not less than Rs.1.50 lakhs.

Non working women

Max. Rs.50,000/- IT Payee.
Gross income of family not less than Rs.1.00 lakhs.
Higher amount can be considered with co-obligation of husband/parent.
She can be entrepreneur, running beauty parlor, Nursery women, bonsai, boutique.
In case the income from rent, in such cases the property must be in the name of borrower.

Security:

No collateral to be insisted.
In case of non working women if loan amount is above Rs.25,000/- up to Rs.50,000/-, co-obligation of husband/parent to be obtained.

Repayment:

24 to 36 months EMI.

Rate of Interest:

12.50 % per annum.

Processing Charges:

0.50 % of loan amount.

Pre-Closer Charges:

1.00% on outstanding balance.

Documentation:

Application Pronote/Pronote covering letter.
Photograph of the borrower/co-obligant.
Salary certificate/ITAO.
Proof of address, proof of income.