Personal Loan Scheme

Beneficiary Employees of Punjab Govt., PSU, Boards, Corporations etc.
Purpose Credit Facility for meeting out socio-economic needs.
Loan Limit 15 times of gross monthly salary or Rs. 4.00, whichever is less.
Rate of Intt 16% p.a.
Margin No Margin required.
Repayment Period Maximum 5 years/7years
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.