Personal Loan

                        Being a Scheduled Bank, giving Loans and Advances is among our primary activities. Apart from our participation in meeting both Term Loan and Working Capital requirements of Agriculture sector, Trade and Service sector, Large/Medium and Small Scale Industries sector, Infrastructure sector etc. including taking care of their Export/Import and non-fund based needs like Letter of Credit, Bank Guarantee etc., we have a fairly large basket of loan products specially designed to suit your personal needs. Salient features of some of the more attractive Personal Loan Schemes & seven special schemes are described below.

Sr.No. Conditions Requirements
1. Maximum limit

Minimum amount of loan will be Rs.25000/- and maximum amount of loan Rs.5,00,000/- or 10 times monthly net salary whichever is less.

2. Eligibility

(i) Confirmed Govt. employees of State/Central Govt.
(ii) Who are due for retirement in the near future may not be entertained.
(iii) The place of posting/working should be Chandigarh/Panchkula.

3. Purposes To meet the urgent requirements of personal nature such as education, marriage of children, foreign travel, family functions, medical expenses etc.
4. Repayment

48 equated monthly installments (EMIs)

5. Margin


6. Security

i. Salary certificate.
ii. 2 guarantors.
iii. 48 checks in favour of bank.

7. Rate of Interest

The rate of interest shall be decided by the Bank from time to time.
(Presently 12%)

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