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Target Group Purpose

Those in permanent employment with minimum service/experience of three years with

  • Government/Semi-Government Boards
  • Endowments
  • Reputed companies
  • Corporate Industrial Establishments etc.

    with regular monthly income with minimum take-home pay of 40% of the gross salary.

For meeting Marriage/Educational and Medical expenses, to celebrate family functions and for other household expenses

Interest rate(w.e.f. 11.08.2008 for fresh accounts)

15.00% fixed

For Existing Loans under fixed rate, the existing contracted rate shall continue.

Service Charges
  • Rs 250- per lac or part thereof.
Eligible Amount Repayment
  • Maximum Amount: Rs.1,00,000 for Employer Sponsored (with undertaking for recovery) and Rs.50,000 for salaried class account-holder with us
  • Minimum Loan Amount: Rs.5,000.
  • Eligible loan amount calculated at five times the gross monthly salary for non sponsored category and 7 times of gross salary for sponsored category
  • Repayment in 36 Monthly equated Instalments

Note: conditions apply

Last Updated August 27, 2008


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