Employee Loans

Beneficiary

Employees of Punjab Govt., PSU, Boards, Corporations etc.

Purpose

Credit Facility for meeting out socio-economic & domestic needs.

Loan Limit

15 times of gross monthly salary or RS. 4.00 lakh, whichever is less

Repayment Period

Maximum 7 years.

Collateral Security          

Two Good Sureties as per satisfaction of the bank

Beneficiary

Employees of Punjab Govt., PSU, Boards, Corporations etc.

Purpose

Credit Facility for meeting out socio-economic & domestic needs.

Loan Limit

10 times of gross monthly salary or RS. 2.00 lakh, whichever is less

Repayment Period

Maximum  5 years.

Collateral Security          

Two Good Sureties as per satisfaction of the bank

 

Beneficiary
 

The beneficiary will be a regular/permanent employee of Punjab Govt., Semi Govt., Autonomous Bodies, Boards and Corporations, Apex, District, Cooperative Institutions or any other organization with the approval of BOD, whose salary is being credited in the saving account of bank branch.

Loan Limit

Maximum 1.50 Lakhs

Repayment Period

Renewable each year.

Collateral Security                                    

Two Good Sureties as per satisfaction of the bank.