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For meeting marriage expenses of self or dependent direct relative, Thread Ceremony, religious functions obligatory to be performed & any other reasonable cause\ purpose.
Extent : Up to Rs.50, 000/-
Maximum Rs.15.00 lac. Exception can be done on justifying ground up to the ceiling fixed by R.B.I.
Re-payment Period : 50 months
The difference between Personal Loan & Secured Loan is only one. In this case the applicant should be employed in good company and he should give undertaking u/s 49 of M.C.S Act.
Maximum amount of loan available, purpose clause and the requirements remain the same.