Loan for celebration of Festivals

 

Objective

The main purpose of the this scheme is to fund the different festivals like Diwali, Gurpurab, Basakhi, Durga Puja etc. The bank provides the finance to  to enjoy these festivals.

Eligibility

This loan is for Govt/Non-Govt./Public/Private sector undertaking/corporation employees having the confirmed services of atleast two years and off cheque Facility.

Loan Limit

3 times  the Basic salary of the employee Max of 25000/-

Interest

Min of 14.0% (per annum)

Margin

No Margin

Security

1.Cheque of Facility 2.Third Party Guarantee which is acceptable to Bank

Repayment

10 equated monthly installment