Important Announcement
For Salaried Person of other Bank

Eligibility

  • Sufficient Cash flows to repay. Salary disbursed through our branch for Min. for 3 months.
     
  • As evidenced by 6 months Salary Slips
     
  • Employee's of Govt. reputed PSU. or Profit Making Public Limited Company with min of 1 year's Confirm service.

Rate of Interest

Repayment Period

  • In EMI of 12 to 36 months as per capacity wishes of the borrower. Total deduction including EMI not to exceed 60% of salary.
     
  • Renewal of loans may be considered after 24 Months.

Proposal Processing Charge

  • 2% of Loan Amount.

Margin

  • No Margin.

Max & Min Loan:

  • Minimum: 30,000
     
  • Maximum: 2,50,000 OR 12 NMI Whichever is Less

Moratorium

Not Applicable

Security

  • Loan Upto Rs. 50,000/-
  • One TPG acceptable to the Bank.
     
  • 4 Advance Post dated cheques for Quarterly EMI.
  • Loan Rs. 50,001/- to Rs. 2,50,000/-
  • Two TPG acceptable to the Bank.
     
  • 4 Advance Post dated cheques for Quarterly EMI.
  • Irrevocable letter of authority from borrower.
  • Letter from employer accepting borrower's authority letter.