A wide range of consumer loans are available by different banks for different products for a variety of purposes. Whether you are ready for a new car, the pleasure a new boat can bring, to take that dream vacation you've always wanted or to consolidate your existing debt into a more manageable monthly payment, we can help make your dreams and plans a reality.
Home Equity Line of Credit
Banks can help you quickly and easily tap into the equity in your home. Establish your Line of Credit today and use the funds now, in the future, or both. Use your Line of Credit for home improvement or for "life's little extras" like a new boat, car, or a dream vacation. You deserve it and we can help make it happen through our Home Equity Line of Credit.
Home Equity Loan
Banks can help you quickly and easily tap into the money that exists as equity in your home. That's money you can use for college education, home improvement, consolidating other debts or for "life's little extras" like a new boat, car or dream vacation. You deserve it and we can help make it happen through our Home Equity Loan.
New or Used Auto Loan
Have you found the car, truck or van you want to buy? Are you looking for a pre-approval to go car shopping? Would you like to re-finance your existing vehicle loan? Maybe you would like to borrow money and use your current vehicle as collateral.
New or Used Boat Loan
Make your boating dreams come true with our "Float Your Boat" loan. So whether you're looking to try out your new fishing pole or spend the day on the water with family or, Looking to refinance your existing boat?
CD Secured Loan
If you are looking for the least expensive way to borrow money, Banks offer loans secured by Certificates of Deposit. A CD secured loan is a great way to begin to establish credit. Or maybe you need a way to begin to reestablish a damaged credit history
Executive Line of Credit
Banks offer the Executive Line of Credit as a convenient and easy access to credit. Establish your Executive Line of Credit for any specific purpose or to have funds available for the unexpected. Your Executive Line of Credit can be secured or unsecured. Either way, you'll have the comfort of knowing that you have credit available when you need it.
Checking Plus Line of Credit
If you are looking for a convenient way to access funds for that unexpected need, a CheckingPlus Line of Credit may be for you. This Line of Credit is tied directly to your checking account for access. CheckingPlus Line of Credit also offers protection against an overdraft should you fail to write down a check.
Banks offers loans on an unsecured basis for almost any purpose. If you need to borrow money but are unable to offer collateral, you can apply for an unsecured loan.
The Bank of Baroda offers Consumer Durables Loan
The exclusive features are :-
All resident Indians, salaried, professionals, self-employed, businessmen and farmers can apply for this loan.
Finance for a minimum of Rs. 5000/- and a maximum of Rs. 1 Lakh (or five times of the monthly income, whichever is less) can be availed of through the loan.
The loan amount can be repaid in maximum 60 months from the date of disbursement of loan.
The interest charged will be 2% over the Benchmark Prime Lending Rate with monthly rates. A concession of 0.5% in interest rate only to borrowers of Home Loan Scheme of Bank. For more details on the interest rate structure, Click here.
A margin of 10% can be availed on loan amount
Service charges of 1% of the entire loan amount will apply (minimum of Rs. 100/-).
As security against the loan, the durables are hypothecated to the bank.
In case of the loan exceeding Rs. 50000/-, the Bank will require a third party guarantee and other securities like NSC, Share certificates, etc or a mortgage of property owned.
The United Bank of India offers United Consumer Loan Scheme
Articles to be purchased
All the household items you had been planning to buy like Refrigerator, Stereo System, Television Set, V.C.R., V.C.P., Cooking Range, Washing Machine, Air-conditioner, Furniture, Micro Oven and any other household utility goods, Computer & accessories, Telex, Fax Machine, Genset, etc. can now be yours.
Any individual with a minimum net income (take home salary for salaried person) of Rs. 5,000/- per month.
In respect of working couple, net income of the spouse is considered for the purpose of computing net income and monthly installments, provided the spouse joins as co-borrower and monthly installment may be realised from the salaries of either of them. In case of salaried person, the applicant should be in regular service for atleast 1 (one) year.
Professional and self-employed persons who are at least 2 years in their profession.
Quantum of Loan
The minimum amount of loan is Rs 0.10 lac. The maximum amount of loan is Rs 4.00 lacs subject to a maximum 36 times of monthly net income. The total deduction from salary including the proposed EMI should not be more than 60% of Gross Salary.