In certain cases where the employer undertakes to deduct the loan installment under Section 60 of The Muti-State Co-operative Societies Act, 2002 and remit the same towards the repayment of loan or undertakes to remit the monthly salary of employees directly to the Bank till entire loan is repaid.
| A) WHERE MINIMUM 10 EMPLOYEES OF A SINGLE ORGANISATION | ||||||
| Purpose | : | Purchase of Consumer Durables/Debt Repayment/House Repair/etc. | ||||
|---|---|---|---|---|---|---|
| Loan Amount | : | Up to Rs. 5.00 Lac. (Per Employee) | ||||
| Tenure | : | Up to 84 Months. | ||||
| B) SINGLE EMPLOYEE WHERE UNDERTAKING FROM ORGANISATION | ||||||
| Purpose | : | Purchase of Consumer Durables/Debt Repayment/House Repair/etc. | ||||
|---|---|---|---|---|---|---|
| Loan Amount | : | Up to Rs. 5.00 Lac | ||||
| Tenure | : | Up to 60 Months. | ||||
* Conditions Apply
For further details contact your nearest branch
