| Purpose |
To meet tax obligations |
| Eligibility |
Income tax assesses with regular, assured
income |
| Amount of finance |
Total tax liability or Rs.50, 000
/-, whichever is less |
| Margin |
none |
| Security |
For salaried persons:
Check off agreement, standing instructions, or postdated
cheques with 3rd party guarantee
For others:
Tangible securities such as NSC, LIC policies, and extension
of existing security of residential buildings |
| Repayment |
10 EMIs |
| Processing charges |
1% of the loan amount |
