Personal Loan
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Personal Loan Scheme (Corporate)

Eligibility

  • Permanent employees of large corporate Clients.

Target Group


All employees of Corporate Clients who enjoy credit facility with our bank and employees of other Corporates also who are not enjoying any credit facility with us

Facility

  • Demand Loan

Loan Amount


Twenty times of gross salary subject to maximum of Rs.500,000/- and minimum net take home pay of 40% of gross salary after taking into consideration payment of statutory dues, repayment of various loans including the installment of proposed loan.

Security

  1. Salary to be routed through account maintained with our branch.
  2. The borrower should give an irrevocable undertaking for not transferring salary account to any other Bank during currency of loan. Such undertaking should be got registered with/acknowledged by the employer.
  3. Authority Letter to be submitted by the borrower to debit the salary account for monthly installments.
  4. In case the salary is not routed through our Branch, the following undertaking to be submitted for sanction of loan;
    • Irrevocable undertaking from the employer to deduct EMIs from the salary of the borrower employee and pay the same directly to the Bank, till full adjustment of loan amount.
    • Undertaking should cover deductions not only from salary but also from bonus / exgratia payment / terminal dues in case of retirement, death, cessation of service for any other reason and any other dues from the employer.

Repayment

  • 36 Months -EMIs

Interest Rate

  • MCLR +3.50%

Processing Fee

  • Rs. 500/- per propsal

Other Terms & Conditions


Net worth of the company and profits made by it will be taken into consideration for sanction of personal loans to the employees of the company.

For further details please contact our nearest branch or call on the toll free no. 1800 22 1911
Loan type Forms
Application Form 1 for Loan of Rs.5 Crore to Rs.15 Crore Download Word Document Format
Download PDF Format
Application Form 2 for Loan of Rs.15 Crore to Rs.40 Crore Download Word Document Format
Download PDF Format
Application Form 3 for Loan of Rs.40 Crore and above Download Word Document Format
Download PDF Format
Standardised Common Loan Application Form for Agriculture Credit Download PDF Document Form
Common Application Form (Required for all loan schemes). Download Word Document Format
Download PDF Format
Cent Buy Download Word Document Format
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Cent Computer Download Word Document Format
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Cent Liquid Download Word Document Format
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Cent Mortgage Download Word Document Format
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Cent Trade Download Word Document Format
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Cent Vyapari Download Word Document Format
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Housing Loan Application Download Word Document Format
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Cent Home Loan Plus Download Word Document Format
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Cent Suvidha Download Word Document Format
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Cent Vehicle Download Word Document Format
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Cent Vidyarthi Download Word Document Format
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Cent School Download Word Document Format
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Teacher's Loan Download Word Document Format
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Cent Rental Download Word Document Format
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Cent Doctor Download Word Document Format
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Cent Swabhiman Download Word Document Format
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Personal Loan for Pensioners Download Word Document Format
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Personal Loan to Employees of Corporate Sector Download Word Document Format
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Personal Loan to Employees of Non-Corporate Sector Download Word Document Format
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Loan to LIC Agents Download Word Document Format
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Loan to MSEs Download PDF Format
Cent Sahyog (form for upto 10 lakhs) Download PDF Format
Cent Sahyog (form for above 10 lakhs) Download PDF Format
Application for Agricultural Loans Download PDF Format

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