| Loan limit |
Maximum Rs. 5 lakhs |
| Repayment period |
5 years (60 monthly installments) |
| Age |
- Minimum age of the Applicant should be 21 years
- The applicant should have reasonable residual service left to liquidate the loan one year prior to retirement
|
| Eligibility |
1. Scheme B2 (Tie-Up)
This scheme is provided to those employees where an irrevocable undertaking is received from the employer in the prescribed format subject to the following
- Permanent / Confirmed employees of reputed institutes/organisations in India approved by Bank
- These organisations / Institutes should be operating within the jurisdiction of the Regional office
- Applicant may or may not maintain salary account with us
- Applicant / Guarantor should have a satisfactory credit score(minimum above 800) as prescribed by the Bank from any of the credit information companies (CICs)
2. Scheme B2 (Non Tie-Up)
This scheme is provided to those who are maintaining salary account with the bank and undertaking is not mandatory from the Employer but preferably to be obtained. The following should also be satisfied
- Permanent/Confirmed employees of reputed private institutes/organisations in India approved by Bank
- The applicant should be customer of the Bank for at least 6 months prior to considering the loan proposal
- Applicant should necessarily maintain salary account with us
- Applicant/Guarantor should have a satisfactory credit score(minimum above 800) as prescribed by the Bank from any of the credit information companies (CICs)
- The loan should be closed at least one year before the date of retirement.
|
| Nature of Loan |
Term loan |
