Personal Loan
Purpose : Purchase of consumer durable, personal consumption expenditure etc.
Who are eligible ( Individuals, who are) :
- Members of the Bank
- Residing and employed within the area of operation of the Bank
- All Govt. employee or employee of Semi Govt. Dept./ 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 | No security required, except third party guarantee of two share holders of bank. |
| Repayment | 60 EMI |