Personal Loan (Salary u/s 59)

Any salaried person other than Private Concern with certain terms and conditions can avail a Personal Loan. Personal Loan can be availed for the purpose of Housing Repairs, Renovations, Medical Expenses, Marriage, Ceremonial Expenses, Repayment of Debts, and other Reasons/Purposes acceptable to Bank.

Benefits:

  1. Loan Limit : is maximum UptoRs. 3.00 Lacs.
  2. Repayment : is maximum 48 months.
  3. No Pre-payment Penalty.
  4. Rate of Interest: As per interest rate decided by B.O.D.
  5. Service Charges: are Applicable from time to time.
  6. Margin: is Applicable from time to time.

Eligibility

Central/State Govt. Employees and Employees of Govt. undertakings servicing along with office of DDO/employer of the applicant within the area of operation of the Bank with not less than one year continuous service.

Teaching and Non-Teaching staff of Primary/Secondary/Higher SecondaryMadrasa Schools/Colleges/Universities, employees of Co-operative Banks/Co-operative Institution, making profit at least for the last 3 years, Local Self Government Bodies/ Authorities/Employee etc.

Documents

Duly filled form with:

  1. Income Proof of Applicant(s) & Guarantor(s)
    ii. Residential Proof of Applicant(s) & Guarantor(s)
    iii. PAN Card of Applicant(s) & Guarantor(s)
    iv. KYC of Applicant(s) & Guarantor(s)

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