| Purpose/Eligibility |
General purpose loan for professionals/engineers/officials working in reputed software companies located in all metro cities, Bangalore, Pune and twin cities and having a minimum, of two years service. |
| Loan Amount
|
Minimum Rs. 24,000/-
Maximum Rs. 5 lacs OR 18 months net monthly net income (NMI) whichever is lower |
| Minimum Net Monthly Income |
Minimum net monthly income of Rs.10,000/- |
| Margin |
-- NIL -- |
| Repayment |
In a maximum of 72 months, through equated monthly instalments (EMIs). Maximum EMI not to exceed 35% of net take home pay |
| Processing charges |
-- NIL -- |
| Security |
Third party guarantee good for the amount and also Check-off facility from the employer, if available or standing instructions or post-dated cheques |
