Personal Loan

Loan Amount Rs.200000/- (Rs Two lac only)
Interest Rate 15 %
Purpose Purchase of Furniture,Ele. applainces,(Qutation required),Marriage, Medical reason or Ceremonial reasons, festivals
Security LIC Policy,Term Deposit of our Bank, NSC (25% of the loan amount)
Tenure 60 months
Sanctioning Powers Hon.Chairman and General Manager Jointly
Shares
i) Upto Rs. 100 lakh
ii) Above Rs.1.00 lakh
 
1) 2.5% of sactioned amount.
2) 5% of sanctioned amount.
Processing chg. As per rules
Eligibility 1) Central & State Govt.Employees.
2) Semi-Govt. Company Employees.
3) School/College,University Employees
4) Public ltd.Company Employees
5) Recognised Private ltd.Company Employees
(as per repayment capacity)
About Service Service should be minimum 5 yrs. and confirmed
Deduction 50% of the total salary including all other deductions as well as the said loan installment
Required documents 1) Company/Institutions undertaking about loan deduction from salary
2) If such undertaking is not possible then the salary should be credited in our Bank.
3) If salary is credited in our Bank, the consent letter from the borrower about installment deductions
4) All other required documents as per Bank rule.
Guarantor/s 1) Husband/wife, or father/mother in which name immovable property is their.
2) Two outside Gurantors- good wealth required
  As per banks credit policy all other rules & regulations applicable.