Salary Earnaers loans / Installment loans
These loans are granted to the salaried class people with monthly assured income.
Maximum limit : Rs. 50,000/- or 4 Months gross salary which ever is less.
Term: 36 months or as decided by the loan sanctioning authority.
Purpose: To meet expenditure like medical bills, educational expenses, domestic items to purchase.
Security: 2 or 1 personal surity as decided by the loan sanctioning authority from time to
time. Borrowers as well as surity should become member of the financing
institution ie. PACS/Bank as the case may be.