Executive Loan Nagpur

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Executive Finance ( Under Salary Deduction)

When you need medium term finance and are looking for options, do explore Shriram Bank’s Executive Loan Nagpur. We offer executive loans on inviting terms up to Rs. 5.00 lakhs.

Purpose

Under Salary Deduction

Eligibility

For Salaried Person Confirmed Employee at least 1 year in Executive cadre. Minimum Net Take home salary Rs.35000/-

Limit of Loan

Rs. 5.00 lakhs

Repayment Period

5 Years.

Rate of Interest

12% Per annum.(Fixed)

Processing Fee

1% of loan amount.

Shareholding

5% of loan amount.

Security

Salary Deduction letter from Employer.
LoanUpto Rs.2.5Lakhs.Only One Guarantors required from same organization.
: Above Rs.2.5 Lakhs Two Guarantors required from same organization

Documents Required

1. Duly filled prescribed application form
2. Photo Identity & Residence Proof of the Applicant & Guarantor
3. Income proof in the form of salary slips for last 3 months, ITR/Form 16 for last 2 years
4. Salary Deduction letter from the employer.

*Conditions Apply

Company should obtain NOC from Bank before reliving him from duties