To meet any personal/domestic needs of the proposed borrower and not for speculative purpose.
- 6 months gross salary subject to a maximum of Rs 2 lacs by branch in charge of small, medium & large branches as well as Credit Managers/Senior Managers in VLBs/ELBs.
- 10 months gross salary subject to a maximum of Rs 3 lakhs by CM/VLB, AGM/ELB, DM/AGM-RO-CAC, DM-CO-CAC/AGM-CO-CAC and above authorities.
- Processing charges
Minimal processing charges of 1% of the loan amount with a minimum of Rs 50/-.
- Repayment Tenure
In convenient Equated Monthly Instalments upto 48 months.
Suitable co-obligation acceptable to bank.