Personal loan Scheme upto 2.00 lakhs


Eligibility Permanent employees of reputed private/ Public limited Company. / of Government aided schools, Colleges, Institutions / of Deemed Universities & affiliated institutions. / Government / Semi Government employees /
(This scheme is not applicable for employees of Pune Municipal corporation / PMT/ PCMC/ PCMT)
Loan Amount Maximum ` 2,00,000/- (as per repayment capacity)
Processing Fees As per rule
Interest Rate 15%
Additional Security 5% Term Deposit of sanction amt
Tenure Max. 5 years
Purpose Purchase of Furniture, Ele. applainces, (Quatation required)
Guarantors 2 competent guarantors required
Service Permanant
Salary Margin 35% of total monthly salary. Non regular items such as production incentive, overtime, bonus, other incentives etc shall be excluded.
i) Upto Rs.1.00 lakh
ii) Above Rs. 1.00 lakh
1) 2.5% of sanctioned amount
2) 5% of sanctioned amount
Documents 1) Undertaking from the Co./firm/School/ for monthly deduction of loan installment & depositing the same with our Bank or installment through ECS .
2) As per banks rules other documents necessary
( As per K.Y.C. norms all documents, latest three months payslips, bank account statment of 1 year (where salary is credited), other all statments of loan/saving/current accounts, latest 16/A form & Income Tax Return
3) Borrower/ (spouse, mother, father) / Guarantors should possess own house
4) As per Banks loan policy other rules & regulations shall be applicable.
Sancion Empower Chairman & General Manager jointly