UMUCB HOLIDAY LOAN SCHEME
|Eligibility||Individuals aged between 21 to 58 years:
Salaried employees / Professionals / Self-employed / Businessman / Staff members
|Type of Advance||Demand Loan (Reducible as per repayment schedule)|
|Quantum of advance||Minimum: Rs.50000/-
Maximum: Rs.2 Lac
|Maximum Eligibility||Net take home pay / income (net of EMI of existing and proposed loan(s) should not be less than 50% of the gross monthly salary / income of applicant(s).|
|Purpose||To meet the expenses (like Air / Train / Bus Fare, expenses for accommodation, sightseeing, etc.) for going for pilgrimage / tours / excursions etc. undertaken / to be undertaken by Self / spouse / children / parents / family members of the applicant / borrower within India or abroad.|
|Margin||25% of the proposed expenditure / requirement.|
|Repayment||Maximum in 24 Equated Monthly Installments subsequent to the month of first disbursement from loan account.|
For Loan up to Rs.1 Lac:
Liquid securities like FDR / LIC Policy / Govt. Securities, NSC, KVP. to the extent of 90 % of Surrender value of securities.
Third Party Guarantee with worth of Guarantor(s) not less than Loan amount.
For Loan exceeding Rs.1 Lac:
|Interest Rate (Floating)||Secured Portion of Loan: 2% at monthly rests.|
|Processing Charges||Rs. 500/- per proposal|
Terms and conditions apply:
- Applicant should have Travel Insurance policy.
- In case of International tour the passport & tourist visa to be produced for verification along with documents.
- Finance is available in Indian rupees only.
- Post-dated cheques should be obtained for entire EMIs.
Copy of estimates given by Travel agency/tour operator should accompany application form
Loan at the sole discretion of The Udaipur Mahila Urban Cooperative Bank Ltd
All disputes arising out of this scheme shall be decided by the Courts under Udaipur jurisdiction. For further information, please contact the nearest Branch of the Bank.