| S.NO. |
PARTICULAR |
DETAILS IN BRIEF |
| 1. |
Purpose |
TO MEET ALL TYPES OF PERSONAL NEEDS |
| 2. |
Eligibility |
Only PUPGB account holders and Existing Housing Loan Borrowers with a good track record of two years with minimum net monthly income of Rs.10000/= per month. |
| 3. |
Extent of loan |
Minimum Rs.50000/= Maximum Rs.1000000/- |
| 4. |
Nature of loan |
Term Loan/ Overdraft |
| 5. |
Margin |
NIL |
| 6. |
Security |
Suitable gurantee acceptable to Bank |
| 7. |
Rate of interest |
As per bank guide lines issued/in force. |
| 8.. |
Loaning powers |
As per bank guide lines issued/in force. |
| 9. |
Repayment of period |
Maximum repayment period 60 EMI for Term Loan while for OD 60 months by reducing Drawing Power (DP) equivalent to EMI at the beginning of every month |
| 10. |
Documentation |
Loan application form,Term Loan/ Overdraft Agreement,Guarantee Deed,Irrevocable letter of authority (in duplicate) authorizing the employer to remit salary/installment and other amount payable to the Bank cum letter of acknowledgement from employer,Affidavit declaring (a) details of existing borrowings from PUPGB & other financial institutuions; and (b) that no further loan will be raised either from PUPGB or any other bank/FIs/NBFCs under the same/similar scheme till full repayment of personal loan from PUPGB,Statement of account of prospective borrower minimum for last six month,For Salaried – Latest Salary certificate/Form No. 16 duly authenticated by the employer. For Non salaried – Copy of receipted ITRs for the last three financial years,Advance cheques (P.D.Cs) with letter of deposit where check off facility is not available. |