Renovate, Repair, Refinance
Purpose
With the Flexi Loan, completing your house, carrying out small renovations and repairs, refinancing existing debt or else financing other minor project has never been easier. This hassle-free solution is here to give you peace of mind and in turn, help us retain our clients for a longer period.
Proposed Rate of Interest
- Opened to MHC and Non-MHC customers
- Competitive interest rates
- Repayment period: 10 years
- Repayment to income: 50% maximum
Features
The main features of this new product are as follows:
- Loan amount: Rs 1,500,000
- Period: up to 120 months (10 years).
- Repayment Mode:Â Salary Deduction Authority/Bank Standing Order
- A Floating Charge will be applicable to loans between Rs 1m to Rs 1.5m
- Both new and existing clients can benefit
Documentation required from clients
- National Identity Card of applicant and Intervening Party (if applicable).
- Recent utility bill of applicant (less than 3 months).
- Birth certificate of applicant and Intervening Party (if applicable).
- Marriage certificate of applicant (if applicable).
- 3 last salary slips of applicant.
- 3 last bank statements of applicant.
Purpose
With the Flexi Loan, completing your house, carrying out small renovations and repairs, refinancing existing debt or else financing other minor project has never been easier. This hassle-free solution is here to give you peace of mind and in turn, help us retain our clients for a longer period.
Proposed Rate of Interest
- Opened to MHC and Non-MHC customers
- Competitive interest rates
- Repayment period: 10 years
- Repayment to income: 50% maximum
Features
The main features of this new product are as follows:
- Loan amount: Rs 1,500,000
- Period: up to 120 months (10 years).
- Repayment Mode:Â Salary Deduction Authority/Bank Standing Order
- A Floating Charge will be applicable to loans between Rs 1m to Rs 1.5m
- Both new and existing clients can benefit
Documentation required from clients
- National Identity Card of applicant and Intervening Party (if applicable).
- Recent utility bill of applicant (less than 3 months).
- Birth certificate of applicant and Intervening Party (if applicable).
- Marriage certificate of applicant (if applicable).
- 3 last salary slips of applicant.
- 3 last bank statements of applicant.
