To meet genuine personal/domestic needs other than speculative purpose.
All confirmed employees of:
- Central/State Government.
- Reputed PSUs/Joint Stock Companies.
- Reputed Corporates/Public Limited Companies/Private Institutions.
- Lecturers/Asst. Professors/Professors of Colleges/ Research Institutes and Universities.
- IT/BT Companies.
- Salaried: - Six months' gross salary or Rs.3.00 lakh whichever is less.
- Higher quantum also considered selectively.
- Overdraft (clean) facility up to a maximum of Rs. 3.00 lakhs (subject to renewal once in 2 years) may be extended to the Top Executives in the cadre of Secretary, Additional/Joint Secretaries and above in Central Governments/Secretaries to State Government and Top Executives of big Corporate/public sector undertakings such as Chairman/MD/ED or equivalent post only.
Rate of Interest
- Salaried : In convenient Equated Monthly Instalments upto 60 months.
- Co-obligation good for the loan amount.
- 0.5% of the loan amount subject to a minimum of Rs.1000/- and maximum of Rs.5000/-.
Documents / Formalities
- Stipulated Loan Application with 2 copies of passport size photographs
- Latest Salary Certificate and Form No.16 / ITR/ITAO for last 3 years.
- Pronote / Pronote Covering Letter