Ballia-Etawah Gramin Bank – Personal Demand Loan Scheme

By | March 29, 2011
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Objective: This loan scheme provides financial assistance for personal & domestic needs of an individual.

Eligibility:

a)    The applicant should be a permanent employee drawing salary though the bank

b)    They should have completed 3 years of conferment service or minimum 3 years of left over service.

c)    Take home salary must be at least 50% after all deductions including installment of PDL also.

Quantum of Loan: 150 times of take home pay or Rs. 1.50 lakh whichever is less is granted as personal loan under this scheme of loan.

Type of facility: This is a kind of Term Loan.

Repayment Period: The maximum period within which the repayment of the loan has to be done is 3-5 years.

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About Pradeep Yuvaraj

Pradeep Yuvaraj is a Co-Founder and Director at Finerva Financial Solutions Private Limited, a financial education company focused on personal finance education. He has penned over 250 articles relating to Personal Finance and clocked over 500 hours of educating individuals on managing personal finance. He is a serial entrepreneur and has been associated with 7 Start-ups. His entrepreneurial experience spans industries as varied as Education, Gas Engineering, Automobile Design, Software development and more recently a Pure play presentation design company. Prior to turning entrepreneur in 2005, he has worked for 3 of the top ten companies of the world - Shell, ExxonMobil and Total SA. This experience included handling Branch Operations, Channel Sales and Business Development across 5 states over a period of 8 years. He holds an MBA from Symbiosis and an Electronics Engineering Degree from the University of Pune.

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