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Personal Loan For Teachers & Govt. Employees

per-loan
S.NO. PARTICULAR DETAILS IN BRIEF
1. Purpose TO MEET ALL TYPES OF PERSONAL NEEDS
2. Eligibility Only SUPGB account holders and Existing Housing Loan Borrowers with a good track record of two years with minimum net monthly income of Rs.10000/= per month.
3. Extent of loan Minimum  Rs.50000/=  Maximum  Rs.500000/-
4. Nature of loan   Term Loan/ Overdraft
5. Margin NIL
6. Security  Suitable gurantee acceptable to Bank
7. Rate of interest As per bank guide lines issued/in force.
8.. Loaning powers As per bank guide lines issued/in force.
9. Repayment of period Maximum repayment  period  60 EMI for Term Loan  while for OD  60 months by reducing Drawing Power (DP) equivalent  to EMI at the beginning of every month
10. Documentation Loan application form,Term Loan/ Overdraft Agreement,Guarantee Deed,Irrevocable letter of authority (in duplicate) authorizing the employer to remit salary/installment and other amount payable to the Bank cum letter of acknowledgement from employer,Affidavit declaring (a) details of existing borrowings from SUPGB & other financial institutuions; and (b) that no further loan will be raised either from SUPGB or any other bank/FIs/NBFCs under the same/similar scheme till full repayment of personal loan from SUPGB,Statement of account of prospective borrower minimum for last six month,For Salaried – Latest Salary certificate/Form No. 16 duly authenticated by the employer. For Non salaried – Copy of receipted ITRs for the last three financial years,Advance cheques (P.D.Cs) with letter of deposit where check off facility is not available.

Loan Facilities

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