is open for employees of Public Sector Undertakings, Reputed Public/ Private
Limited Companies with atleast 50 employees. The Scheme can be made applicable
to the employees after a Tie-up arrangement is finalized.
a) Repayments by Equated Monthly Instalment (EMI)
b) Floating Rate of Interest will be reviewed twice a year in January
and July every year.
c) The rates indicated here are 0.25% lesser than the normal schemes.
Upfront Fees payable will be of only 0.50 % of the Loan Amount, subject to a maximum of Rs.10000/- .
Recovery of monthly EMIs through Salary Deduction.
Joint Declartion by Employer and Employee for Deduction of EMI from salary and Recovery of Loan dues incase the employee resigns/ retires/ gets terminated.
Life Insurance policy as collateral Security may be waived.
Guarantor may be waived.