Purpose : General Purpose Loan for individuals
Eligibility :
a) Permanent employees of state/Central Govt., PSUs, Corporations, Private Sector Companies, Reputed establishments.
b) Professionals, self employed and others who are income tax assesses.
c) The employee who are about to retire or having less than two years of service are ineligible under the scheme.
Loan Amount : (i) Rs.50000.00.
(ii) Rs.1.00Lacs (where the employer agrees to deduct the amount of installment at source from the salary of the employer and remit to the bank with repayment period of 48 months)

Note: Good pay masters who has not defaulted in repayment of even a single installment shall be allowed half percent interest rebate at the time of adjustment of loan account.

Margin : NIL

Repayment Period : Maximum 48 months in equated monthly installments.
Moratorium : Maximum one month from the date of sanction.
Security : Third party guarantee of one Person.
Processing Fee :
(i) upto Rs. 25000/- No charges
(ii) Above Rs.25000 upto Rs.2.00 Lakh Rs.450/-
(iii) Above Rs.2.00Lakh Rs.450/- + Rs.200.00 per Lakh or part thereof subject to maximum of Rs.30000/-
Pre-Payment : Permitted without penalty.
Linkage Shares : 2.5% of the advance made

CHECK LIST (Personal Loan):

Documents to be submitted by the Applicant(s), Guarantor(s)
For Proposal:
1. Consumer Loan Application form.
2. Personal statement of borrower.
3. Personal statement of guarantor(s).
4. Proforma Invoice duly verified and accepted by borrower.
5. Two coloured recent passport size photograph of borrower and guarantor(s).
6. Salary slip/Authenticated letter from employer certifying salary/Form 16.
7. Copy of latest Income Tax Return (if he is tax payee).
8. NOC from employer confirming as permanent employee with undertaking to repay monthly instalments of loan out of his salary in case of default.
9. Proof of age/address/PAN card/Mobile No./Telephone No./Passport/Driving Licence/Electricity bill (latest).
10. Letter of Confirmation.