|
|
|
PURPOSE |
To meet urgent requirements of
personal nature as education,marriage of children family
functions,Medical Exp. Etc. |
|
ELIGIBILITY |
Permanent employees of institutions
including School/Collage PSU`s maintaining SF/CA at ours
in which salary is being credited.
Confirmed Govt. employees of
Central/State Govt./Teachers |
|
MINIMUM INCOME |
Minimum Net monthly Income
Rs.5000/-p.m.
at Semi Urban & rural centers
,Rs.7000/-p.m.at Urban centers. |
|
MARGIN |
NIL |
|
NATURE OF LOAN & LOAN AMT. |
T/L Rs.10,000/- to Rs.3,00,000/- or
10 times of net monthly Income,which ever is lower. |
|
INTT. RATE
|
13% p.a.[Quarterly Comp.]
|
|
SECURITY
|
Suitable two guarantees
|
|
REPAYMENT
|
48 Equated monthly instalments
|
|
UPFRONT FEE
|
0.6% of the loan amt.
|
|
DOCUMENTATION CHARGES
|
Rs.300/-
|
|
GENERAL
|
i-
Carry home pay should not be less than 50% of gross
salary
ii-
Net salary=Gross salary-All deductions
|
|
Ref. Cir. No.
|
00/07 dated 30-11-207
|
| |
