Personal Loan

PERSONAL LOAN SCHEME FOR GOVT. EMPLOYEES & THEIR ENTERPRISES
SCHEME APPLICABILITY
Branches of THE YAMUNA NAGAR CENTRAL COOPERATIVE BANK LTD;

ELIGIBILITY

Confirmed / permanent employees of State / Central Govt. and their Boards/ Corporations / undertakings.
NOTE:-
(i) At the time of processing of loan the borrowers place of posting should be at Distt. Yamuna Nagar.
(ii) The prospective borrowers post should not be transferable outside to Haryana and Chandigarh;
(iii) Those branches whose NPA of previous financial year exceeds to 5% in this segment. subsequent sanction of loans by the branch will automatically stand withdrawn only till the NPA percentage improves to below 5%.
(iv) Employees who are placed under suspension are not eligible under the scheme during the period of their suspension.
(v) The minimum length of service must be completed of 3 years.

PURPOSE

To meet the urgent requirements of personal nature such as education, marriage of children, foreign travel, family functions, medical expenses etc.

MINIMUM NET MONTHLY INCOME

Rs.20,000/- per month gross pay for eligible customers.
OR
Subject to change from time to time by the Bank.

Statement of salary account of prospective borrower minimum for last six months be obtained. This is to facilitate ascertaining general conduct of the account including other borrowings.
Last three months salary certificate/slip of prospective borrower be obtained showing details of salary/emoluments. The salary certificate/slip be duly verified by the employer and should bear signatures of officer authorized to disburse salary and allowances. Such official may also indicate the mode (i.e. cash or cheque or through bank account) of payment of salary/emoluments.
Obtain last three years Income Tax Returns;
Obtain all other loan account statements of prospective borrower of last 6 months.

For Eligibility Download the documents in download option