06 Sep 2010
 
Products
Product            
SBM Personal / Consumer Loan      
                 
Description
Financing for any personal purpose eg wedding, purchase of a computer or car.
 
   
Features
• Interest rate
Secured with Two Guarantors:
Amounts up to Rs 100,000 :SBM PLR + 7% p.a
Amounts above Rs 100,000 :SBM PLR + 6.5% p.a

Secured by collateral:
Amounts up to Rs 100,000 :SBM PLR + 4.25% p.a
Amounts above Rs 100,000 :SBM PLR + 3.75% p.a

• 7 year repayment period
• 48 hour approval through utilization of Transact (subject to necessary documents being provided by the customer)
 
   
Benefits
• Market related
• Quick, efficient service
   
                     
FAQs              
• What is the rate of interest ?
Secured with Two Guarantors:
Amounts up to Rs 100,000 :SBM PLR + 7% p.a
Amounts above Rs 100,000 :SBM PLR + 6.5% p.a

Secured by collateral:
Amounts up to Rs 100,000 :SBM PLR + 4.25% p.a
Amounts above Rs 100,000 :SBM PLR + 3.75% p.a

• What is the loan limit?
1. Up to 20 times salary, personal guarantors required.
2. For loans above 20 times salary, tangible security is required.
 
For more information please call our hotline on 207 0111
(during weekdays from 08:00 hrs to 18:00 hrs)
 
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