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Loan for computers

Don't waste money by putting your
new computer on a high-interest credit card.
Avail a computer loan today!

Undoubtedly, a computer is your key to business success. Without a computer you will lag behind and miss major opportunities.  However, not many people have financial resources to pay for a brand new computer.

To overcome this problem, many of you may try to purchase a computer using high-interest credit cards. A computer loan is a cost-effective alternative to high-interest credit cards. The computer loan lets you pay for your computer over time with low monthly payments.


Computer Loan Scheme

Total Billing amount of the product will be treated as the Loan amount.

Processing charges are absolutely free.

The current rate of interest is @ 14.5% which may change as per changes in rules regulation of the bank or government.

The Customer should pay Rs. 3,500/- as down payment out of which Rs. 1000/- will be used for saving account opening and Rs. 2500/- will invested as share money.


The Customer should pay Rs. 3,500/- as down payment which will be refunded along with the interest after full and final repayment of the loan amount or credited to their respective saving account of the bank.

The customer will get interest on Rs. 1000/- out of Rs. 3500/- as per saving account interest terms provided the same balance should be maintain throughout the tenure. The Customer will earn interest on Rs. 2500/- as per FD Interest Rate terms of the bank.

In case of prepayment there are no penalty charges.

In case of bounce Cheque or bounce ECS, it will be customer’s liability to pay all related penalties or charges as per rules and regulation of the bank.

In case of defaulter bank will have full rights to take proper legal action against the customer.


Required  Documents

Photo ID ( Driving Licence, Pancard,Voter ID)

MSEB / MTNL Bill attested Xerox copy

3 passport type Photographs

Salary Slip along with IT Return / Form 16 (for salaried employee)

3 years IT Returns document (For Self employee )

All above documents of two Guarantors should be submitted.

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