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Home >> Loan >> Retail Schemes >> Personal Loan. >> Oriental Personal Loan Scheme for BSNL Employees
Oriental Personal Loan Scheme for BSNL Employees

 

Purpose

Any legitimate purpose excluding for speculation purpose.

Type of Facility

Term Loan

Eligibility         Criteria

1.   Permanent and confirmed employee of BSNL.

2.   The net monthly salary should not be less then ' 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 max of ' 10.00 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.

Note: The condition of personal Guarantee waived for BSNL employees having Gross salary more than Rs. 1.00 lac per month for Loan upto Rs. 5.00 lacs. For Loan above Rs. 5.00 lacs personal guarantee to be obtained

Rate of Interest

MCLR + 1.75%

Repayment

60 EMIs (subject to remaining period of service)

Process Fee

Nil

General Condition

1.    ADHAAR Card or ADHAAR acknowledgement is mandatory

2.    KYC documents as per bank norms

3.    Self attested Identity Card or letter from the employer

4.    Latest salary Slip Form-16/ITR