12.95 - 14
50000.00 - 750000.00
Personal loan for employees of government or public organizations, only whose salaries are being disbursed through our Bank Branches.
Apply for the loan amount equivalent to 24 times of present Gross Monthly Salary, subject to maximum loan limit of Rs.7.50 Lacs and minimum loan limit of Rs.50,000.
Loan amount should be assessed in such a manner that net take home salary after taking into account all deductions (existing and EMI of new loan) is not below 40% of the monthly gross salary.
Margin of 10%, to be calculated on the basis of total Assets owned or to be purchased by the borrower.
The loan must be repaid 1 year before loanee’s retirement.
Hypothecation of articles being financed and /or other items of existing article owned by the proponent covering the full value of loan amount required as security.
Guarantee of spouse or parents required in case of unmarried applicants.