Eligibility

• Confirmed Employees of Central Govt./State Govt./ Govt. Organisations withdrawing Salary through Salary Account in our Bank
• Maximum Rs. 25.00 Lakh
• Total deductions including proposed EMI should not exceed 70% of gross monthly income

Interest Rate

As per ROI Circular

Most Important Terms & Conditions

Type of facility

Term Loan

Limit

• Max. Rs. 25.00 Lac

Guarantee

Guarantee of one person having sufficient net worth – If personal guarantee of PF nominee is not available.

Repayment Period

Max. 84 Monthly Instalments

Credit Information Report

Bank is authorized to make enquiries from any of the Credit Information Bureau and get the Credit Information Reports. Bank is also authorized to disclose from time to time any information relating to the loan to Credit Bureaus approved by Govt. of India or Reserve Bank of India without any notice to the borrower.