Personal Loan Corporate
This loan is a Personal Loan proposed primarily for the permanent employees of reputed companies / Schools / Govt Institutions etc., for meeting out employee's & their dependents' expenses like medical, education, housing, etc.,
Features and Benefits
- This is an installment loan.
- It is for permanent employees with a minimum confirmed service of 2 years and an unexpired service of 1 year, who are non-defaulters of any other bank or FI.
- Undertaking letter from the competent pay disbursing authority must be available.
Charges and Limits
| Margin | NA |
| Maximum Repayment Tenor | 72 Months - EMI or remaining service period whichever is lower. |
| Primary Security | Demand Promissory note |
| Collateral Security | NIL |
| Guarantee | Personal guarantees from different employees to be obtained. |
| Processing Charges | 0.50% of the loan amount subject to a minimum of Rs. 1,000/- + GST. |
| Documentation Charges | Nil |
| Other Terms & Conditions |
|
Interest Rate
To check all Interest rate: Click here
- This is an installment loan.
- It is for permanent employees with a minimum confirmed service of 2 years and an unexpired service of 1 year, who are non-defaulters of any other bank or FI.
- Undertaking letter from the competent pay disbursing authority must be available.
| Margin | NA |
| Maximum Repayment Tenor | 72 Months - EMI or remaining service period whichever is lower. |
| Primary Security | Demand Promissory note |
| Collateral Security | NIL |
| Guarantee | Personal guarantees from different employees to be obtained. |
| Processing Charges | 0.50% of the loan amount subject to a minimum of Rs. 1,000/- + GST. |
| Documentation Charges | Nil |
| Other Terms & Conditions |
|
To check all Interest rate: Click here
