India is witnessing immense technological advancement. With the IT boom, computers are replacing manual work in every organisation. Computers help in more efficient management of work. Banks are coming up with new loan products like computer loans to meet the needs of their customers.

Maximum Loan Offered by Banks for Personal Computer Loan:

Generally banks provide a loan up to Rs 100000 for computer hardware and software. Some banks provide a separate software loan to a maximum of Rs. 20000.

Interest Charged by Banks on Personal Computer Loan:

Banks generally charge according to the prime lending rate. An extra 2% is sometimes charged by banks. The actual Rate of interest also depends on the amount of loan taken, tenure of loan.

Process of Personal Computer Loan Application:

All Salaried, professional, self-employed, businessmen or farmers can apply for the loan by filling a form at the bank or filling an online form. A service charge of 1% of the entire loan amount is levied

Documents Required by Banks for Personal Computer Loan:

1. Application Form
2. Photographs
3. Proof of income of last two years
4. Proof of Residence

List of banks Offering Personal Computer Loan:

* Terms and conditions may vary from bank to bank.

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Disclaimer : This is an information based website, meant for providing assistance to it's readers. The information has been gathered from a number of secondary sources, we do not hold any responsibility for mis-information or mis-communication.