Consumption loan is provided to individuals for purchasing new or second-hand home appliances and other household products.
Eligibility
- A or D Class Membership in Areekode Service Co-Operative Bank
- Surety of Govt/Aided Salaried Employees
Documents Required
- Loan Application
- Sureties Salary Certificate (upto 1 Lakh 1 Surety )
- ID Proof
- Quotation
- 2 Copy of Passport Size Photo
The bank will sanction a maximum of ₹ 2,00,000 at an 11.50% p.a (monthly remittance) interest rate. The repayment period is 60 months.