Permanent employees of Central / State Government offices, profit-making Public Sector Undertakings, Public Limited Companies, Schools, Colleges, Universities, Research Institutions, Pensioners drawing pension through our Bank and individuals with income other than salary / pension.
Permanent employees of reputed Private Companies/Firms are also eligible.
Employees whose salary is routed through the Branch.
Pensioners drawing pension through the branch.
Other than salaried class having regular dealings with the branch.
Demand loan to meet genuine personal expenses.
Minimum loan amount - Rs. 0.10 lakh
Maximum loan amount - Rs.3.50 lakh
Where salary is routed through the Branch :- Loan upto 9 Months NET salary
Where salary is routed and undertaking letter is also available :- Loan upto 12 Months NET salary
In case of Pensioners drawing pension through the Branch : Loan upto 10 months NET Pension
In case of individuals with income other than salary/pension : - Loan upto 25% of the gross annual income.
Suitable Co-applicant / third party guarantee to be provided.
Rate of Interest
Floating rate of interest is linked to the MCLR & subject to annual reset.