Personal Loan Scheme for Public

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Personal Loan Scheme for Public

A Personal Loan Scheme for public to meet various needs with no margin, no prepayment charges, and an affordable 11.15% p.a. interest rate.

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Details for Personal Loan Scheme for Public

The Personal Loan Scheme for Public is designed to meet a wide range of personal needs like medical expenses, weddings, education, and travel. With a competitive interest rate of 11.15% p.a., this loan offers flexibility, allowing you to cover important life events without financial strain. Key benefits include no margin requirement and no prepayment charges, making it an accessible, cost-effective solution for individuals looking to manage unexpected expenses.

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Loan Amount

Up to 24 times of Gross Monthly Salary with a maximum of Rs.20.00 Lakh depending upon the repaying capacity.

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Interest Rate

11.15% p.a.

CIBIL Score

  • A CIBIL score of 730 or above is generally considered good for approving a personal loan.

Nature of Employment

  • All Confirmed/ permanent employees of Central/ State Govt./ PSUs minimum 2 years of service, including service with the previous employer(s), if any, all reputed* companies/Institutions including Schools, Colleges, Universities, autonomous bodies, Hospitals,/Nursing Homes who are drawing their salary through accounts maintained with our branches.

Minimum Work Experience

  • Others minimum 3 years of service, including service with the previous employer(s), if any.

Features

  • 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.)
  • Margin Nil
  • Prepayment Charges Nil

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Personal Loan Scheme for Public EMI Calculator

Principal amount

₹1,00,000

Interest amount

₹542

Total amount payable

₹1,00,542

Your Monthly EMI is ₹8,379
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