Terms & Con

nditionss – Soneri Perssonal Fiinance

Purpose of
o Finance
• To meeet personal, family and household neeeds

Eligible Bo
orrowers
• Salaried Individuals of approved
d companies

Financingg Amount
• Upto Rs.500,000/-

Tenure
• 1 Year to 5 Years

Mark-up Rate*
• 1 Year KIBOR + 10%
% p.a., to be revised
r on eaach anniversary of finance

Processin
ng Fee
• Rs. 2,500/- per app
proved appliccation

Length off Service

• Min 1 year in curre
ent employment or 2 years of continuo
ous employmeent with perm
manent statuss

Age
• Minim
mum 21 yearss and maximu
um 60 years at
a the time off loan maturitty

den
Debt Burd
• Total monthly repayment instaallments not to exceed 40 0% of the nett take home salary (takingg into
accou
unt other financing facilitiees availed from
m other bankks/DFIs)

ment Charges
Pre-Paym
• 5% prre-payment charges on thee outstandingg amount being prepaid

ment Chargess
Late Paym
• Rs. 5000/- per installment per month

Personal Life Insurancce

• Amou unt of loan ou wers, free of cost
utstanding inssured against life of borrow

Charges
• Docum harges (at actual)
mentation Ch

For furtheer details, please call Consumer Financee Division on 111-567-890

0 Ext. 2434 & 2435

*Subject to
t change fro
om time to tim
me.