Personal Loan

 
CONSUMER & PERSONAL LOANS TO EMPLOYEES OF REPUTED
ORGANIZATION
PARAMETER PARTICULARS
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.
Documents Required

 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.