|Eligible borrower||Employees of reputed organisation with minimum 3 years of confirmed service|
|Purpose||The purpose of the loan is to meet the personal necessities of the applicant|
|Quantum of loan per employee||
1. 10 times of gross monthly salary subject to upper ceiling fixed by the bank from time to time.
2. Total deductions towards loan repayment including the instalments of the proposed loan should not exceed 50% of gross salary.
|Tenure||Maximum : Upto 60 months|
|Repayment||In EMIs (Total deductions including proposed EMI should not exceed 50% of gross salary of the applicant)|
|Guarantee||Personal guarantee of one confirmed employee.|
1. KYC Documents - Identity proof and address proof
2. Latest salary slip OR certificate (with date of superannuation or document evidencing remaining period of service of the applicant)
3. Latest 6 months updated operating bank statement.
4. Proof of length of completed service
5. Undertaking from salary disbursing authority.