- Term Loan
- To provide personal finance for celebrations of Eid-ul Fitr, Eid-ul-Adha, Nowroz, Diwali, Baisakhi, Gurupurab, Losar, Maha Shivratri, Ashura and Christmas
- Permanent Employees/Pensioners of State/Central Government, Government/Semi-Government Undertakings & Autonomous Bodies drawing salary/pension from our Bank
- Minimum: 18 years
- Maximum: 1 year less than the age of retirement i.e. 59 years where retirement is 60 years and 57 years where retirement age is 58 years
- Maximum: 69 years in case of pensioners
- Minimum:
5,000
- Maximum:
Average of previous three months’ net salary subject to maximum of:
40,000 where average is less than
50,000
60,000 where average is greater than or equal to
50,000 but less than
80,000
75,000 where average is
80,000 or above
- For Pensioners: 70% of the net pension o r
20,000 whichever is lower
- Nil
- Primary: Nil
- Collateral: Nil
- 10 Equated Monthly Installments
- No penalty
- 1 year MCLR + 3.50 % P.a.(fixed) with monthly rests
- Click here for rate of Interest