Salary Earner Loan

Nature of Loan - SALARY EARNERS LOANS TO INDIVIDUAL

1. Rules & Regulations:

Maximum Loan Limit – 25.00 Lakhs
Maximum Loan Period  :120 Months
Age limit : 60 Years
Rate of Interest :
1.Salary Loans to individual( Salary Package employees) -10.50%
2.Salary Loans to individual  - 11.00%
Eligible persons:
Govt. employees. Central Govt. employees, Semi-Govt. employees. Bank Employees,
Purpose of  Salary Loan:Personal
Eligible Amount Salary Employees: 45 times  of gross salary or 25.00 lakhs whichever is less.
Documents Required for Salary earners Individual:

1. Surety 2 members(Drawing Salary through our Bank)
2. Pay slip Education Department only and other department Undertaking letter from  pay drawing officer is required.

 

Nature of Loan - SALARY EARNER LOANS TO OTHERS

 Rules & Regulations:
Maximum Loan Limit – 5.00 Lakhs
Rate of interest-13%
Maximum Loan Period :84 Months
Age limit : 60 Years
Documents Required :

1. Surety 2 members(Drawing Salary through our Bank)
2. Bank Statement.
3. Undertaking letter From pay drawing officer in the prescribed format.

                                                                                                                                                                Rules applicable