Purpose
It is a simple PERSONAL LOAN to meet any genuine need of finance.

Period:
36 To 60 months (Individual)

List Of Documents Required:

Salary Slip for the last 3 months
Form No. 16 for last 3 years OR Income Tax Returns for last 3 years
Bank Statement of Salary Account for the last 6 months
Employer’s Certificate for period of service with details of designation etc. (Minimum 1 year permanent EMPLOYMENT)
Photograph and address proof and Identity Proof
Details of the collateral security (in case salary deduction sec 49 of MCS Act,1960 is not available) - only of the applicant
Two guarantors /sureties.
LIC Policies.

Security

a) Personal Surety –
i)  Two Personal Guarantor..
ii) Additional Guarantor of the spouse (if married) OR father / mother (if unmarried).

b) Security 
i.) Hypothecation of valuable items such as Television, COMPUTER, Car, Refrigerator, Music System etcupto 100 % of the loan amount incase salary deduction incase of salary deduction Usec 49 of MCS Act,1960 or Salary credit by way of ECS.
ii.) In all other cases-100% by way of Pledge of tangible securities viz NSC,KVP,LICetc /mortgae of immoveable property

Interest Calculation
Daily Reducing Balance