| Beneficiary |
Any Individuals , borrower should not exceed 65 years at the time on applying for the loan. . |
| Purpose |
To offer instant solutions relating to socio-economic needs and Business Needs such as Children's Higher Education, Travel, Daughter's Marriage and Medical Emergencies etc. |
| Loan Limit |
Maximum amount up-to Rs. 25.00 Lac. 3 times of the net annual income or 50% of the value of the property, whichever is less. |
| Rate of Intt |
14% |
| Margin |
No Margin required. |
| Repayment Period |
Maximum 6 years. |
| Collateral Security |
150% of the loan amount. |
| Area of Operation |
Loan shall be advanced in the area operation in the Muktsar district. |
| Remark |
Scheme is not available till further order as per PSCB Letter no. S.O.CELL/8545-49 dated 06.08.2015. |