PERSONAL LOAN SCHEME The scheme will cover the credit requirements of all categories of borrowers who could satisfy the Bank about their repayment capacity; either having a regular source of income or having adequate surplus generation from the activity to be undertaken with the loan proceeds.
PERSONAL LOAN SCHEME EMI Calculator Loan Amount 1L 5Cr Tenure (months) 12 360 Interest Rate 6% 18% Equated Monthly Installment (EMI) will be 8606
HPSCB Loan : Features Low interest rate. Higher loan amount. Low processing fee. Minimal documentation. No hidden costs. Quantum of Loan - 20 times of the net monthly Salary/Income Max. upto Rs.10.00 Lakh. Repayment - 8 years. Margin - 10%.
HPSCB Loan : Eligibility Regular Salaried Employees of H.P. Govt. /Boards/Corporations., Universities & central Govt. employee :- DDO undertaking of the applicant employee. One guarantor. Contract Employees of H.P. Govt. /Boards/Corporations., Universities & central Govt :- DDO undertaking of the applicant employee. One Govt. Employee guarantor with minimum regular service of 1 year. For Private Employees of Schools, Colleges, Para Teachers, Other organization etc. & Professionals, Self employed Businessmen, Agriculturists /Horticulturists :- Loan up to Rs. 5.00 Lakh- One employee guarantor with the DDO undertaking or collateral Security equal to the loan amount. Loan above Rs. 5.00 Lakhs- Collateral Security equal to 1.5 times of the loan amount & One guarantor good for the loan amount
HPSCB Loan : Documents Salary certificate /ITR/Income Certificate. DDO Undertaking ( in case of employee). Guarantor’s DDO Undertaking. CIBIL Report. Collateral security for Loans above Rs 5 Lakh. Undertaking from borrower that no consumer durable/Personal /Loan Against salary is outstanding.
