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Purpose
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For any genuine personal credit requirement like, medical expenses, marriage expenses, purchase of consumer durables, domestic consumption, travel expenses, expenses on other social ceremonies, etc.
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Eligibility Criteria
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A. Borrower should have Salary account with our Bank or any Other Bank.
B. Category of Borrower:
(i) Salaried Class:
- Permanent Govt. Employees (Central/State)/PSU employees: having salary account with our Bank or any other Bank and Satisfactory account relationship with our Bank or any other Bank for at least 6 months.
- Permanent Employees of MNCs/Public limited Companies: Confirmed Employees of Institution/Company having salary account with our Bank or any other Bank and Satisfactory account relationship with our Bank or any other Bank for at least 6 months.
- Permanent Employees of Reputed/Well established Private institutions: Confirmed Employees of Institution/Company having salary account with our Bank.
- Permanent employees of MNC/Public limited Companies/Permanent employees of approved institution (education Institution/Hospitals/Multistate hospitals/reputed / well established private institutions
- Employees of MNC / Permanent Employees of MNCs/Public limited Companies/multi-state hospitals :
- Should have Minimum 2 years of service.
- Minimum Gross Monthly Salary- Above Rs.30000/- per month
- Pensioners: Pensioners having their pension account with our Bank.
c. Age limit of the borrower to be as under-:
Minimum Entry Age: 21 years
Minimum Entry Age: 21 years
- Salaried Class / Permanent employees of reputed education Institutions/Hospitals/multi-state hospitals: Date of retirement from services.
- Pensioners : 70 years. Loan should be adjusted by 70 years.
- No Family Pensioner is eligible above 70 years.
- ECS mandate must be taken from the customers having their salary accounts with other banks.
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Quantum of Finance
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Min -5 Lakh
Max 20.00 Lakh
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Guarantee
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Guarantee of either Spouse or Major Children or Third Party.
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Repayment
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Maximum repayment period would be 84 months subject to the maximum age criterion, whichever is earlier.
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Processing Charges
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- Government/PSU/Pensioner/ Approved Educational Institute/Approved Hospitals : 0.50% + GST
- Private Institute/ MNC : 1.00 % + GST
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Documentation Charges
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Actual Stamp/ Revenue expenses only
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Inspection Charges
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Nil
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Prepayment Charges
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Nil
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