|Other Terms & Conditions || |
- The Net Take Home pay after deducting the proposed Loan Installments shall be at least 25% of gross pay.
- Availability of financials of Corporate/ Firms/ Trusts etc., and ensuring that they are in existence and profit making for the last three years.
- Branches shall verify creditworthiness, integrity, local standing and repayment capacity of the borrower before entertaining the proposals under the scheme.
- Undertaking Letter from the competent pay disbursing authority must be available.
- Temporary employees are not eligible for this facility.
- Outstanding dues from terminal benefits of the borrower or guarantor in case of their resignation, retirement, voluntary retirement or dismissal from service.