GROCERY PAY-LATER

Our GROCERY PAY-LATER is designed to extend facilities to people, with the objective of helping them meet their financial needs.

FEATURES AND BENEFITS :-

Purpose	Amount	Tenure in Months	Interest
GROCERY PAY-LATER	10,000 to 35,000	8 to 24	18% to 48%

ELIGIBILITY :-

Holding either single account or joint account with other family members’ viz., father, mother, wife, son or daughter with regular source of income.
Individuals who may be employed/self-employed in business having regular income.
Permanent employee of Central/State/Defence//Public or Joint Sector Undertaking/reputed firms/established Educational Inst/Professional/Businessmen having regular income.

PURPOSE

Up-gradation, renovation and extension of residential property.
Medical, emergency expenditure for maintenance of family.
To meet the Wedding Expenditure.
Major Surgical operation.
For expansion of your existing business or begin a dream venture.
Meeting any other genuine need as may be specified by the Borrower and agreed to by the Lender.
Planning to start a small Business.

QUANTUM OF FINANCE

As per eligibility and Income Earning Capacity.

REPAYMENT DETAILS

By EMI or Regular.

PROCESSING CHARGES & SERVICE TAX

Processing Fees and Other Charges (Inclusive) PLUS Service Tax as applicable.

SUPPORTING DOCUMENTS FOR SANCTIONING
Photo Identity Proof:

– Passport
– PAN card
– Voters Identity Card
– Driving License

Residence Proof:

Telephone Bill
Letter from any recognized Public Authority
Electricity Bill
Ration Card
Letter from employer subject to satisfaction on Bank
Properly Tax Book/Receipt
Registered Lease Deed
Application on Prescribed form
Two photographs of Borrower and Guarantors
Address proof of Borrower and Guarantors (copy of Ration Card, Election card, Telephone bill, Driving License etc.)
Income proof, Copy of Income Tax Return, Financial Statement of the Firm, Sales Tax returns etc.
Profile of Guarantors.
GPL should be guaranteed by three financially sound Guarantors having net individual worth twice the amount.
Any other marketable security.

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