To meet personal / domestic expenses
Permanent Employees of Railways, Government institutions, Central and State Government, Schools, Hospitals, Municipal Bodies etc .having completed ONE year of service
Confirmed/ Permanent employees of Indian/multinational Companies having completed minimum THREE years of service.
Quantum of loan:
Twenty times of gross salary subject to maximum of Rs.10,00,000/- and minimum net take home pay of 40% of gross salary after taking into consideration payment of statutory dues, repayment of various loans including the instalment of proposed loan.
Rate of Interest:
RBLR = REPO + SPREAD+ CREDIT RISK PREMIUM
- Low Category : REPO+ 5.85 % + 0.00 % = 9.85 %
- Medium Risk
Category : REPO+ 5.85 % + 0.200% = 10.05 %
( REPO RATE 4.00%)
48 equated monthly Instalments.
Rs.500.00 + S.T