EMPLOYEES OF REPUTED ORGANIZATIONS
|Eligible borrower||Employees of reputed organisation with minimum 3 years of confirmed service|
|Purpose||The purpose of the loan is to meet the personal necessities of the applicant|
|Quantum of loan per employee||
Â 1. 10 times of gross monthly salary subject to upper ceiling fixed by the bank from time to time.
Â 2. Total deductions towards loan repayment including the instalments of the proposed loan should not exceed 50% of gross salary.
|Tenure||Maximum : Upto 60 months|
|Repayment||In EMIs (Total deductions including proposed EMI should not exceed 50% of gross salary of the applicant)|
|Guarantee||Personal guarantee of one confirmed employee.|
Â 1. KYC Documents - Identity proof and address proof
Â 2. Latest salary slip OR certificate (with date of superannuation or document evidencing remaining period of service of the applicant)
Â 3. Latest 6 months updated operating bank statement.
Â 4. Proof of length of completed service
Â 5. Undertaking from salary disbursing authority.