Any salaried person other than Private Concern with certain terms and conditions can avail a Personal Loan. Personal Loan can be availed for the purpose of Housing Repairs, Renovations, Medical Expenses, Marriage, Ceremonial Expenses, Repayment of Debts, and other Reasons/Purposes acceptable to Bank.
- Loan Limit : is maximum Upto Rs. 3.00 Lacs.
- Repayment : is maximum 48 months.
- No Pre-payment Penalty.
- Rate of Interest: As per interest rate decided by B.O.D.
- Service Charges: are Applicable from time to time.
- Margin: is Applicable from time to time.
Central/State Govt. Employees and Employees of Govt. undertakings servicing along with office of DDO/employer of the applicant within the area of operation of the Bank with not less than one year continuous service.
Teaching and Non-Teaching staff of Primary/Secondary/Higher Secondary Madrasa Schools/Colleges/Universities, employees of Co-operative Banks/Co-operative Institution, making profit at least for the last 3 years, Local Self Government Bodies/ Authorities/Employee etc.
Minimum age of 21 years
Maximum age of 60 years at the time of maturity of the Personal Loan
Minimum net monthly income – Rs. 15,000
- Duly filled form with:
- Identity proof (copy of passport/voter ID card/driving license/Aadhaar)
- Address proof (copy of passport/voter ID card/driving license/Aadhaar)
- Bank statement of previous 3 months (Passbook of previous 6 months)
- Two latest salary slip/current dated salary certificate with the latest Form 16