Vidya Sahayak

  • Eligibility
    • As evidenced by 3 months salary slips.
    • Salary disbursed through our Branch.
  • Rate of Intrest
  • 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: 25,000
    • Maximum: 50,000 OR 15 months NMI Whichever is Less
  • Moratorium
    • Not Applicable
  • Security
    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.