persloan

Purpose

Any genuine personal credit requirement. (Undertaking to be obtained from the applicant that the funds sanctioned by the Bank under the above Scheme would not be utilized for any speculative purpose).

Eligibility

Salaried Class

To Govt./PSU employees.
To Confirmed/Permanent/Regular Employees of other institutions.

Pension Class: Pensioners having their pension account with our Bank.

Age

Minimum : 21 years

Maximum

For Salaried Class : 60 years (Govt. /PSU)
For Salaried class (private) : 65 years
For Pensioners : upto 70 years

Quantum of Finance

For Salaried Class

For Pensioner

Up-to 18 times monthly net salary/1.5 times of Net Annual Income or Rs.3 lacs, whichever is less

Pensioners upto the age of 65 years -

Up-to 15 times monthly net pension or Rs.3 lacs, whichever is less

For Pensioners above the age of 65 years and upto the age of 70 years -

Up-to 10 times monthly net pension or Rs.1 Lac, whichever is less

Nature of Facility

Term Loan

Rate of Interest

Please click here For rate of interest

Processing fee

Please click here For Processing fee

Repayment

Maximum repayment period to be 60 months subject to maximum age criterion, whichever is earlier

Guarantee

Third party/ mutual guarantee/ guarantee of spouse/ Major son

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PSB Personal Loan

Salaried Class

Maximum

Pensioners upto the age of 65 years -

For Pensioners above the age of 65 years and upto the age of 70 years -