To provide you with the financial assistance for your Holidaying and Tours (Inland & Foreign)
Eligibility
Salaried employees of reputed organizations , businessmen, Self-employed professionals filing Income Tax returns.
Membership
Nominal where Recovery U/S 49 is available, otherwise regular membership.
Share membership : 2.5% of loan amount.
Share holding
1% of loan amt. where recovery U/S 49 is not available.
Security
Guarantors are not necessary if recovery under sec.49 is available, otherwise two guarantors having regular source of income including any Family members filing regular Income Tax returns
In case recovery u/s 49 is not available, then 24 post dated cheques are required to be obtained at the time of disbursement of the loan.
Collateral Security
Hypothecation of valueable items such as Television,Computer,Car,Refrigetors,Music System etc.
Banking Relations
Previous banking relations are not necessary - Fresh A/c holders fulfilling the criteria may be considered.
Basis Of Advance
Max. 80% of tour cost.
Repayment Period
Max. 24 months E.M.I
Margin money of 20% of tour cost to be deposited in the a/c.100% of tour cost will be remitted by pay order in favour of conductor of the Tour.
Details about the Tour Cost
Receipt of advance payment made if any at the time of booking