| Purpose |
Purchase of new home or
personal computers of reputed make with related accessories |
| Eligibility |
a. Permanent employees in State and
Central governments, PSUs, corporations, police and defense
services, and reputed establishments with minimum 5 years
service
b. Professionals and self-employed with minimum standing
of 5 years
c. Defense personnel with minimum 3 years service |
| Minimum income |
Rs.3, 500/- |
| Amount of finance |
Rs.30,000/- maximum |
| Margin |
25% of the cost for defense personnel
and 30% of the cost for others |
| Security |
Hypothecation of computer and acceptable
3rd party guarantee |
| Repayment |
36 to 60 months |
| Service charges |
Rs.500/- |
| Insurance |
At market value for theft and fire or
at least 10% above the loan amount or outstanding, whichever
is higher |
