|
Eligibility |
Permanent Employees of Govt , Semi Govt , MNC, PSU, Organization having their accounts with the Bank for the last 6 months .
|
| Purpose |
Personal need |
| Overdraft Limit |
Rs 50,000/- or 2 times of net take Home Salary (i.e after deducting 1/3rd salary as per Banks policy) whichever is lower.
|
| Margin |
1/3rd salary as per Banks policy. |
| Interest rate |
18 % p.a |
| Repayment |
Yearly review |
| Age |
Min 22 years to Max 55 years. |
| Security |
Nil (Unsecured Loan) |
| Share linkage |
1 % of sanctioned limit
|
| Guarantors |
2 guarantors acceptable to Bank |
| Process Charges |
0.50 % of sanction limit |
| Sector |
Non Priority |
| Other requirement |
Applicant should be in permanent employment.
Pre sanction visit of Residence &Work place.
Applicant CIBIL report should be clean without any remark like Overdues , Written off etc .
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