Security |
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Personal Surety –
i) Two Personal Sureties.
ii) Additional Surety of the spouse (if married) OR father / mother (if unmarried).
b) Security
i.) Hypothecation of valuable items such as Television, Computer, Car, Refrigerator, Music System etc upto 100 % of the loan amount incase salary deduction incase of salary deduction Usec 49 of MCS Act,1960 or Salary credit by way of ECS.
ii.) In all other cases-100% by way of Pledge of tangible securities viz NSC,KVP,LIC etc /mortgae of immoveable property |
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