JEWEL LOAN - SUVIDHA 

Q1. What is the nature of advance?

Ans: Demand loan and term loan

Q2. What is the purpose of the loan?

Ans: The loan amount can be utilised for-

• Margin money requirement in Housing Loan.
• Registration charges of House property.
• Project price escalation.

Reimbursement of above expenses incurred by the customer within a period of 12 months from the date of expenses.

Q3. Who can apply for the scheme?

Ans: Any individual above the age of 18 years with Steady source of income including pensioners and having Housing loan account with us either singly or jointly (both existing & new) or with any other bank/ FI. Submission of Proof of Income by the borrower is not mandatory for loans up to Rs.15 lacs.

Q4. What is the minimum and maximum loan amount that can be availed under the scheme?

Ans: Demand Loan: Minimum Rs.25,000/- & Maximum limit - Rs. 15 Lacs. Term Loan: Minimum Rs.25,000/- & Maximum limit - Rs. 15 Lacs.

Q5. What is the loan repayment period?

Demand Loan up to Rs.15 lacs: 12 Months Bullet payment. Term Loan: 60 EMI.

Q6. What are the processing charges applicable for availing JEWEL LOAN - SUVIDHA loan?

Ans: The applicable processing charges is 0.25% of the sanctioned limit subject to minimum Rs. 500/- + GST and maximum Rs. 2500/- + GST.