|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)|
|Sanctioning Powers||Hon.Chairman and General Manager Jointly|
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.|