District Central Cooperative Banks and through its Branches: For Consumer Durables T.V., Fridge and Two Wheelers Loan
A loan scheme provided by District Central Cooperative Banks for purchasing consumer durables like T.V., fridges, and two-wheelers. Loan covers 75% of the product cost at an interest rate of 14%.
What you get
- Access to Loan: 75% of the cost of consumer durables. - Interest Rate: 14% (subject to change). <br>
Who can apply
- The beneficiary should be a resident of Tamil Nadu.
- Loans should be applicable only for Consumer durables such as T.V., Fridge and two wheelers.
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Who cannot apply
How to apply
Offline
Step-1: The interested applicant should collect the application form from the District Central Cooperative Banks or its branches. Step-2: In the application form, fill in all the mandatory fields, paste the passport-sized photograph (signed across, if required), and attach copies of all the mandatory documents (self-attest, if required). Step-3: Submit the duly filled and signed application form along with the documents to the concerned authority.. Step-4: Request a receipt or acknowledgment from the concerned authority to whom the application has been submitted. Ensure that the receipt contains essential details such as the date and time of submission, a unique identification number (if applicable).
Documents to carry
- Identity proof (Aadhaar, PAN card, etc.).
- Address proof.
- Product cost estimate or invoice.
- Any other documents (if required).
Details
The "District Central Cooperative Banks and through its Branches: For Consumer Durables T.V., Fridge and Two Wheelers Loan" scheme launched by the Co-operation, Food and Consumer Protection Department, Tamil Nadu, offers loans for the purchase of consumer durables, including T.V.s, refrigerators, and two-wheelers. The loan covers up to 75% of the product cost, with no upper ceiling, and is subject to a 14% interest rate (subject to change). <br>
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