Personal Loan for Employees
To meet expenses for all types of personal needs including marriage celebrations, medical treatment, Repair of House.
Confirmed/permanent Employees working in: Central/State Govt., Public sector under taking, Municipal Corporation, Improvement Trust, Govt. Aided School/ Colleges, University.
Nature of Loan
Amount of Loan
Equivalent to 10 Gross Salaries of employees subject to maximum of
a) RS 150000/– (Rupees one Lac fifty thousand only) after deducting the EMI carry home Salary should not be less than 40% of his gross Income.
Maximum 60 Months.
Two Suitable guarantees acceptable to the Bank.
- Loan Application for employee’s loan duly completed by the Salary disbursing authority and signed by the competent authority.
- Photograph, Identify Proof, Proof of Income, Salary certificate issued by the employer, (indicating gross and net salary).
- Income tax return for the last two years.
- Bank account statement for the last six months.
- Form No.16 issued by the employer.
- Age Proof
- Copy of PAN Card
- Address Proof – Copy of Passport, Identity Card / Voter Card, Electricity Bill etc.