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 Loans:
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 Loans:
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 Loans 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 Loans:
- Application Form
- Photographs
- Proof of income of last two years
- Proof of Residence
List of Some of Banks Offering Personal Computer Loans:
