Loan For Govt/PSU Employees

If you are a salary earner having a salary account with us this scheme is best suited for you if you are looking for a quick and easy loan to meet your immediate financial needs.


  • For Consumption

Who Can Borrow

  • The applicant should be a permanent /regular employee in a Government/PSU department/an organization of repute
  • Salary earner spouse may also join as co-borrower if the income of the applicant is not sufficient to service the loan.


  • Maximum Rs.4.50lac


  • Nil


  • Maximum period -60 months or Retirement date whichever is earlier

Rate Of Interest

  • The rate of interest as decided by the bank from time to time would be applicable.


  • Nil


  • Two guarantors having sufficient net-worth acceptable to the bank.

Processing Charges

  • 0.5% of the loan amount + GST

Share Holding

  • 1.5% of the loan amount*
  • *if loan is Rs. 1 lac or under, the applicant shall be made nominal member

Documents Required

  • Photograph , PAN and KYC documents of borrower and guarantor
  • ITR for three years
  • Salary slip for last three months and bank statement for last six months
  • Certificate from the employer that the applicant is a permanent /regular employee of that organization and no disciplinary action was taken / is pending against the employee. In case of disciplinary action taken in the past, an explanatory note to this effect would be submitted by the applicant subject to the satisfaction of bank.

To apply for Loan for Contractors, please download the below listed form and submit it to your nearest branch