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