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.