For Fixed Salaried Person
- 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 6 months of appointment.
Rate of Interest
- 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.
- No Margin.
Max & Min Loan:
- Minimum: 30,000
- Maximum: 50,000 OR 10 NMI Whichever is Less
- Loan Up to Rs. 50,000/-
- One 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.