Purchase of consumer durable, personal consumption expenditure etc.
Personal Loan
Purpose
Who are eligible
Individuals, who are
- Members of the Bank
- Residing and employed within the area of operation of the Bank
- Either are Govt. employee or employee of Semi Govt. Deptt./ Autonomous Bodies, Corporation, Board, where Govt. stake is involved or employee of certain approved educational/medical institutions.
Loan amount
- Rs. 5.00 lakh (maximum) subject to repayment capacity of the borrower.
Security
- Loan amount upto 3 lakhs -No security required except third party guarantee of two persons.
- Loan amount above 3 lakhs- collateral security and third party guarantee of one person.
Repayment
- In 60 E.M.Is. (Equated monthly instalments)