Salary Earners Loan

To meet the personal and domestic needs

30 Months

All permanent employees working in Governmental undertaking employees with an undertaking letter from salary disbursing authority at District/Block level not to shift the salary account without NOC from the branch.
Net take home after meeting the proposed EMI should be minimum 50% of the gross salary Or Rs. 10,000/- whichever is higher

10 times of the Gross Salary or Rs. 1,00,000/- or whichever is less.

(click here for inetrest rate)

• Stipulated Loan Application with 2 passport size photographs for both Loanee and Surety officer.
• 1 personal surety as decided by the loan sanctioning authority from time to time.
• Address Proof
• 3 months’ salary slip duly signed by their Drawing officer
• Loan and Surety 6 months Bank Statements
• IT Returns (required for 3 years) , If Net Home Salary not meet 50% of the Gross Salary of the Loanee and the Surety.
• Gross Salary of Loanee and Surety.
• Supervisor and Manager Report is required.
• Documents such as Loan Agreement, Acceptance Letter, Pronote Letter of Guarantee, Nominal Membership etc., as well as Blank Cheque.
• Remaining Service Certificate of Loan and Surety duly signed by drawing officer.

Suitable co-obligation