Purpose

For any genuine personal credit requirement.

Eligibility Criteria

1. Salary/ Pension account must be with our Bank or any other Bank  Permanent government employee (Central/State government), PSU employee, Employees of MNC/ Public Limited Companies , Permanent Employees of approved Education Institute.

       b. Age limit of the borrower to be as under-:

Minimum Entry Age:21 years

Maximum age for repayment (exit age):

(i) Salaried Class : Date of retirement from services

       (ii) Pensioners : 70 years

Quantum of Finance

     Salaried Class:

• Permanent Govt. Employees/PSU Employees/ Employees of MNC / Employees of approved Education Institute: up to 24   times   monthly net   salary or, Rs. 20.00 lakh, whichever is less.

• Permanent Employees of other private institutions: up to 18   times   monthly net   salary Or, Rs.5.00 lakh, whichever is less.

• Pensioners up to the age of 65 years: up to 20 times monthly net pension Or, Rs. 6.00 lakh, whichever is less.
• Pensioners  above  the  age  of  65  years  and up to age of 70 years: up to  10  times  monthly  net  pension  Or, Rs. 3.00  lakh, whichever is less.

Rate of Interest

Please click here For Rate of Interest

Guarantee

Guarantee of either Spouse or Major Children or Third Party.

Repayment

Maximum repayment period would be 84 months subject to the maximum age criterion, whichever is earlier.

Processing Charges

• Government/PSU/Pensioner/ Approved Educational Institute : 0.50% + GST
• Private Institute/ MNC : 1.00 % + GST

Documentation Charges

Actual Stamp/ Revenue expenses only

Inspection Charges

Nil

Prepayment Charges

Nil