- As evidenced by 3 months salary slips.
- Salary disbursed through our Branch.
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: 25,000
- Maximum: 50,000 OR 15 months 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 for payment of salary through our bank.