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Personal Loan Scheme For Public

Objective To make available Financial Assistance to the public for their personal needs.  
Purpose To meet all types of personal needs (e.g., for medical treatment of self or a family member, marriage of self, son/daughter, defraying expenses on education of wards, expenses for domestic or foreign travel etc.) 

All permanent Defence Personnel including officials of Military Station Headquarters, Border Security Force, Central Reserve Police Force, Central Industrial Security Force, Indo Tibetan Boarder Police, etc. However, loan request of Defence Personnel, who are due for retirement within next 24 months, may not be entertained.


Confirmed/permanent employees of Central/State Govt./PSUs and all reputed companies/Institutions including Schools, Colleges, Universities, autonomous bodies, Hospitals/Nursing Homes, who are either drawing their salary through accounts maintained with our branches or these employers agree for check off facility.


Professionally qualified practicing Doctors viz., MBBS, BDS & above having annual income of Rs.4.00 lac and above. Doctors should be taxpayers for the last three years.
Quantum of Finance
  • Minimum Rs.50000/-

  • Maximum:

  • For All borrowers:

    Rs. 4,00,000 or 20 times monthly net salary whichever is lower subject to minimum Net monthly salary as under:

    Metro Centres : Rs.15000/-

    Urban Centres : Rs.12500/-

    Semi- Urban/ Rural Centres : Rs.10000/-

    And Rs. 5,00,000/- or 20 times monthly net salary whichever is lower for those Salaried persons having completed service of 3 years in the present organization & drawing net monthly salary of not less than Rs.30,000/- p.m.

  • For employees drawing salary through our bank and completed 3 years of service in the present organization: Max. Rs.10 lac or 20 times of Net monthly salary for loan upto Rs.5 lac and 15 times of Net monthly salary for loan above Rs.5 lac and upto Rs.10 lac.

    Subject to Minimum Net monthly salary as under:

    Metro Centres : Rs.50000/-

    Urban Centres : Rs.40000/-

    Semi- Urban/ Rural Centres : Rs.30000/-

For teachers and Defence personnel minimum Net Monthly Income shall be Rs.7500/- at all Centres
Margin NIL
Rate of Interest
RATE OF INTEREST: For Loans up to Rs.10 lac: Individuals, whose salary is being disbursed through our branches only (including Defence Personnel) Base Rate+3%
For Loans up to Rs.5 lac: Individuals who are availing the loan under check-off facility (including Defence Personnel) Base Rate+5%
For others up to Rs.5 lac Base Rate+6%
Processing Charges/ Upfront fee/Documentation Charges

Upfront Fee 1.80% + service tax & Edu.Cess

Documentation charges

Upto Rs. 2 lac: Rs.270+ service tax & Edu.Cess

Over Rs.2 lac: Rs.450+ service tax & Edu.Cess

For Defence Personnel only

Upfront fee / Documentation charges - NIL

Security Suitable third party guarantee acceptable to the Bank.
Repayment (Maximum)

Term Loan:

Within remaining period of service or in maximum 60 EMIs whichever earlier



60 months by reducing Drawing Power (DP) equivalent to EMI.


The income of spouse be included while ascertaining the repaying capacity where the spouse is confirmed/ permanent employee of Central. State Govt.,/ PSUs and reputed companies/ Institutions including Schools, Colleges, Universities, Autonomous bodies, Hospitals, Nursing Homes. In such cases, the spouse is to be made as co-borrower.
Prepayment charges NIL

Above are only salient features of the scheme. For details please contact nearest branch


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