Features
- Interest rate at just 10% p.a.
- Loan amount from 1 Lakh to 5 Lakh
- Processing fee 1% flat
- Part prepayment available (Post 1 year locking period)
- Loan can be availed for a maximum of 4 years
- Fore closure & Other charges as applicable shall be charged
Eligibility
- New to Bank customer as well as existing customers are eligible for availing this loan. The loan can be availed for Applicant himself/herself or Immediate dependent family (Valid relationship proof to be documented)
Documentation
- Scenario A -
Customer is the patient herself/ himself and has already incurred the expenses. Here the customer must have recovered and discharged from the hospital. Required documents for due diligence:
- Positive RTPCR report of the patient (here the customer)
- Doctor’s prescription for the patient (here the customer)
- Hospital bill in the name of the patient (here the customer)
- Hospital discharge report in the name of the patient (here the customer)
- Customer declaration that they need the Personal Loan to meet the Covid treatment expenditure incurred by them
- Scenario B -
Customer is taking a loan for the treatment of near and dear one. Here the near and dear one could be in the process of treatment/ recovery and customer is taking the loan for this treatment/ recovery process. Required documents for due diligence:
- Document establishing the relationship of the customer and the patient
- Positive RTPCR report of the patient
- Doctor’s prescription for the patient
- Hospital bill in the name of the patient
- Customer end use declaration
Additional document for Scenario B- Hospital discharge report in the name of the patient (in case the patient is discharged). No Deviation on the documentation shall be accepted
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