|Nowadays there is a rise in the demand of computers. Every task is done by the computers these days. The IT industry has shown immense boom. So, computer has become a necessity these days. Banks are coming up with new loan products like computer loans to meet the needs of their customers.
Generally banks provide a loan up to Rs 1, 00,000 for computer hardware and software. Some banks provide a separate software loan to a maximum of Rs. 20,000. This loan amount can be repaid within 72 months. All Salaried, professional, self-employed, businessmen or farmers can apply for the computer loan.
To avail the computer loans, one is required to produce some documents like identity proof, address proof, bank statement of the last 6 months, last salary slip and two photographs.