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%
Remarks
For further details, contact the nearest Branch.