Eligibility Salaried employees of reputed organizations , businessmen, Self-employed professionals filing Income Tax returns. Limit Of Loan Max. Rs.1.00 lakh Basis Of Advance Max. 80% of tour cost. Repayment Period Max. 24 months E.M.I Rate Of Interest @13.00% p.a. Membership Nominal where Recovery U/S 49 is available, otherwise regular membership. Share Holding 5% of loan amt. where recovery U/S 49 is not available.
Security Guarantors are not necessary if recovery under sec.49 is available, otherwise two guarantors having regular source of income including any Family members filing regular Income Tax returns In case recovery u/s 49 is not available, then 24 post dated cheques are required to be obtained at the time of disbursement of the loan.
Collateral Security
Hypothecation of valueable items such as Television,Computer,Car,Refrigetors,Music System etc. Banking Relations Previous banking relations are not necessary - Fresh A/c holders fulfilling the criteria may be considered. Documents To Be Submitted With The Loan Application
Mode Of Disbursement Margin money of 20% of tour cost to be deposited in the a/c.100% of tour cost will be remitted by pay order in favour of conductor of the Tour.