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Home >> Loan >> Retail Schemes >> Personal Loan. >> Personal Loan for Corporate Employees
Personal Loan for Corporate Employees

ORIENTAL PERSONAL LOAN SCHEME (OPLS-CORP) - CUSTOMIZED SCHEME FOR CORPORATES

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

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

Eligibility

1.    Permanent employee of Corporates and other reputed non government organizations/institutions including college/schools etc. having their salary account with our bank.

2.    Minimum 3 years of service, including service with the previous employer(s), if any.

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

4.    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 max of Rs.5.00 Lacs.

Security

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