Purpose – For any social or religious ceremonies including marriage of self, dependent children or real brothers and sisters; To meet the expenses on medical treatment of self, spouse, dependent children, parents or parents-in-law in case of female borrower; for meeting the expenses on higher education of spouse, dependent children and siblings, for repair or construction or addition and alteration of existing dwelling units owned by the borrower himself/herself or his/her spouse or parents or parents-in-law in case of female borrower; for business purposes
Eligibility – Any individual member of the Bank
Rate of Interest – As per Bank’s rules from time to time.
Type of facility – Term Loans
Quantum of Loan – Up to maximum of Rs. 1.00 lakh subject to repaying capacity of the Borrower and also subject to the condition that it does not exceed 12 times of the monthly salary or 10 times of monthly income from business or profession of the applicant unlike other personal loan offered by the bank
Other Charges – As per Bank’s rules from time to time
Repayment – Up to the Maximum 60 equal monthly Installment switch interest for a loan up to Rs. 50,000/- only and 84 equal monthly installment with interest for a loan of more than Rs. 50,000/-