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Home Appliances Finance Scheme

Eligibility Criteria

  • Salaried Persons: Full time permanent employees of Govt./Quasi Govt./Public Sector Corporations/Institutes etc. served at least two years and left out service of 2 years before retirement with minimum salary of 25000/- PM.
  • Others: An IT assessee having annual income of minimum3 lacs.
  • Minimum Age

    Individuals – 18 years.
    Take home pay restrictions applicable.


    To purchase all consumer household items.

    Quantum of Finance

    Minimum Rs 25000/- - Maximum Rs 200000/-

    Nature Facility

    Term Loan.


    20% of the cost.

    Rate of Interest

    Processing Fee

    1.00% of loan amount minimum Rs 500/-

    Moratorium Period


    Repayment Period

    Maximum 36 months. Repayment starts from the next month of disbursement of loan.

    Delivery Channels

    All Branches

    *Subject to change without prior notice.