Personal Loan
Objective
For granting clean loan to salaried persons of reputed organizations.
Eligibility
Permanent employees of Public Sector Undertakings, State & Central Government Departments.
Purpose
Loan under the scheme may be granted for various personal needs.
Amount
Maximum limit of Rs. 10.00 lacs. .
Margin
NA
Security
The loan should be sanctioned with salary check off facility. Irrevocable undertaking from the concerned employee and his/her employer /DDO for deduction of EMI from monthly salary.
Repayment
The loan is repayable in maximum 84 EMI without any Holiday Period.
Rate of Interest
13.75%