Pave your way to financial freedom
Easy and flexible loan repayment options
Personal Loan To Staff
For purchase of any article or any other purpose
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Benefits
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Features
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Eligibility
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Documentation
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Interest Rates & Charges
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Terms & Conditions
- For purchase of any article or any other purpose
- Maximum 10 times of the Gross salary as defined in HR Policy.
- Employee shall be confirmed in service
- Visit our nearest Branch for Documentation.
- 8% per annum (fixed).
- Recovery of loan installments shall be from the salary of the employee directly or from his/her savings account.
- Total deduction including installment for the car loan shall not exceed 60% of gross salary.
- As far as possible the staff resigned or terminated should pay off the loan before leaving the bank.
However, in the event of leaving the bank before pay off the loan, the loan may continue till the maturity but with commercial rate of interest from the date of leaving the bank.