Eligible Borrowers

Salaried persons in permanent employment with legal entities approved by the Bank who meet our other conditions to qualify for the finance.

Purpose of Finance

1. To meet medical expenses for self or dependants of applicants.
2. To meet educational expenses of applicant’s children.
3. To meet travel expenses for self and family members.
4. To meet renovation expenses of self owned residential property.
5. To meet advance rent payment for rented residential property occupied by the applicants.
6. To meet domestic needs.

Maximum Amount of Finance

Rs. 500,000 or Five times of applicant’s one month gross salary, whichever is lower.

Mark-up Rate (Annualised)

17% p.a. on daily product of outstanding principal amount of finance.

Maximum Repayment Period.

Principal amount of finance plus mark-up thereon is repayable in equal monthly installments within a maximum period of 5 years.

Processing Fee.

No Processing Fee is applicable.

Pre-Payment Penalty.

Accelarated repayments / Pre-payments of finance are acceptable without any penalty.

Late Payment Penalty.

Services Charges of Rs. 500/- per overdue installment. The overdue installments shall be reflected in borrower's current account with the lending branch.

Personal Loan Insurance.

Amount of Finance and mark-up outstanding are insured against life of borrowers Free of cost.

Other Charges.

Stamp Duty on Security Document is recoverable from borrowers at actual.

For further details please call:

- Consumer Finance Division Phones # 4389564, 4322149, 4322150