Area of Operation - Loan shall be advanced in the area operation in the Gurdaspur district.
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. 6.00 lakh, whichever is less |
Rate of Interest |
13.75% |
Repayment Period |
Maximum 7 years. |
Collateral Security |
Two Good Sureties as per satisfaction of the bank |