PCL (Personal Consumption Loan for General Public)

Eligibility:

Permanent confirmed employees of Central/State Govt., Public Sector Undertakings (State/Central), Autonomous Bodies & Institutions having at least three years of active remaining service preferably whose salary accounts/saving bank accounts are maintained by our branches and in operation for last atleast 6 months.i.e Salary is being credited in the account for last six months.


Purpose:

For any personal need or to meet any unexpected expenditure.


Amount of Loan:

30 months gross salary or Rs.7.00 Lakh whichever is lower. Latest Salary Certificate of the applicant/ employee is required.


Security:

Third party guarantee of one person having financial net means good for the loan amount.


Repayment:

84 equal monthly installments OR remaining period of service, whichever is lower.


Processing Charges:

0.50% of the loan amount.

* Conditions Apply