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Home >> Loan >> Retail Schemes >> Personal Loan. >> Personal Loan for Govt. / PSU Employees
Personal Loan for Govt. / PSU Employees

ORIENTAL PERSONAL LOAN SCHEME (OPLS-GOVT.)- CUSTOMIZED SCHEME FOR PSUs & CENTRAL / STATE GOVT. EMPLOYEES (WORKING & PENSIONERS)

Purpose

To meet personal/ family expenses like marriage/education/family functions / purchase of consumer durables or any other legitimate purpose excluding for speculation purpose.

Type of Facility

For working :-

Term Loan : 60 EMIs (subject to remaining period of service)

 

Eligibility

1.    Permanent and confirmed employee of Public Sector Undertaking (PSU) and Centre / State Govt. Deptt. and other Government institutions like Universities/Colleges etc. having their salary account with our bank.

2.    The net monthly salary should not be less then Rs 10,000/-.

3.    The net take home salary should not be less than 30% of gross salary after deducting the EMI of the proposed loan.

 

Amount of Loan

Up to 15 times net take home salary with a maximum of:

 A) Rs. 5.00 Lacs for individuals whose net monthly salary is upto `1.00 lacs

 B) Rs. 10.00 Lacs for individuals whose net monthly salary above ` 1.00 lacs

Security

a)    One personal guarantee preferably of fellow employee, subject to the condition that one employee will not stand as guarantor in more than two accounts.

Margin

NIL

Rate of interest (floating)

Click here to view rate of interest.

Penal Interest

2% penal interest over the normal lending interest rates on the overdue amount for irregular period. 

Pre-payment Penalty

NIL

Process fee

Click here to view Process Fee.

 

* For further details please contact the nearby branch or call at  1800-180-1235 & 0124-2340940