Purpose |
Personal loan is granted for family function, marriage/medical treatment/education/ or any other general purpose except for speculative activities. |
Eligibility |
Permanent employees of the State/Central Government and PSUs, Corporations, Private Sector Companies, Reputed Establishments, Schools & Colleges with a minimum service of 2 years and drawing a net monthly salary of Rs. 5000/- and above and whose salaries are being credited to Employee’s accounts with our Bank or where the Drawing and Disbursing Officers consents in writing to provide check-off facility. |
Check-off facility | Check-off facility is a facility by which the employer of the borrower agrees to deduct the installment amount from his/her salary and remit the same directly to the Bank (lender). Loan given under Post Dated Cheques will not be considered as check-off facilit |
Quantum of Loan |
|
Margin |
NIL |
Interest Rate |
As per Bank's guidelines. |