ELIGIBILITY
- Employees of Government and Parastatal Bodies having completed minimum 2 year of service.
- Professional, Self Employed, Insurance Agents.
PURPOSE
- Personal , Travelling Abroad, Medical Expenses, Wedding Expenses, Educational Expenses, Purchase of commodities
AMOUNT
- For Govt. Employees and Employees of Parastatal Bodies : Maximum Limit up to 24 months of salary(Max Limit Rs500,000 without guarantor &Max Limit Rs1,000,000 with guarantor)
- For other customers Limit up to 24 months of salary Max limit Rs500,000
MARGIN
- NIL
REPAYMENT
- Maximum 84 months for loan less than 500,000/- for Govt employees and employees of Parastatal Bodies
- Maximum 120 months for loans above 500,000/- for Govt employees and employees of Parastatal Bodies
- Maximum 36 to 84 months for all other customers*
* Condition apply
RATE OF INTEREST
- 3.00% Over PLR
SECURITY
- Salary Pledge
- For non salaried income to be routed thru our bank
- Guarantee of min one person of adequate means
PROCESSING FEES
- 1% Min Rs500 Max Rs5,000
DOCUMENTS TO BE SUBMITTED ALONG WITH APPLICATION
- National ID Card-Individuals
- Marriage Certificate wherever applicable,
- Latest Utility Bill
- Latest 3 months Salary slip
- Copy of Income Tax return
- Business License
- Non customers to provide Statement of Account for last 2 years
For further details of the Scheme and terms & conditions, please contact nearest Branch