| Purpose |
General purpose Loan for all railway employees in different
categories |
| Eligibility |
All permanent railway employees with minimum one year
service with minimum net monthly income of Rs. 3000/- p.m
and maximum EMI not to exceed 35 % of net take home pay |
| Amount of finance |
Minimum: Rs.24000/-
Maximum:18 months NMI net of all deductions OR Rs.3 lakhs whichever is
lower
|
| Security |
Check-off facility from the employer, if available or
standing instructions or PDCs |
| Repayment |
72 months EMI |
| Processing charges |
1% of the loan amount |
