Eligible Borrowers:
Salaried persons employed by cooperate entities on the approved panel of the Bank who meet
our other conditiond to quality for the finance.

Purpose:
For Purchase of Consumer Durable products under the Brand name "PEL" from manufacture's
sales outlets.

Maximum Amount of Finance:
Upto Rs. 50,000/- or the official price of PEL products to be purchase, whichever is lower.

Mark-up Rate:
Finance is available Free of Mark-up.

Maximum Repayment Period:
Principal amount of finance is repayable in equal monthly installments within a manimum
period of 2 years.

Processing Fee:
No Processing Fee is applicable.

Pre-Payment Penalty:
Accelarated repayments/Pre-Payments are acceptable without any penalty.

Late Payment Penalty:
Late Payment Fee @ Rs. 500/- per month for each overdue installment is recoverable from
borrowers.

Other Charges:
Stamp duty on Security Documents at actual is for account of borrowers.-

For further details please call:

- Consumer Finance Division Phones # 4389564, 4322149, 4322150