| Beneficiary |
Permanent Employee of organised sector where provident fund is deducted. |
| Purpose |
For the Purchase of Durable items . |
| Loan Limit |
10 times of gross monthly salary or 75% of cost of article to be purchased or Rs. 2.00 lac whichever is less. |
| Rate of Intt |
16% |
| Margin |
No Margin required. |
| Repayment Period |
Maximum 5 years. |
| Collateral Security |
Two Good Sureties as per satisfaction of the bank. |
| Area of Operation |
Loan shall be advanced in the area operation in the Muktsar district. |