Personal Loan

Sr. No.	Conditions	Requirements
1	Maximum limit	Minimum amount of loan will be Rs.50000/- and Maximum amount of loan Rs.5,00,000/- or 15 times monthly net salary whichever is less.
2	Eligibility	(i) Confirmed Govt. employees of State/Central Govt.
		(ii) Who are due for retirement in the near future may not be entertained.
		(iii) The place of posting/working should be Chandigarh/Panchkula.
3	Purposes	To meet the urgent requirements of personal nature such as education, marriage of children, foreign travel, family functions, medical expenses etc.
4	Repayment	60 months or residual service period whichever is less.
5	Margin	NIL
6	Security	i. Third Party guarantee of one employee acceptable to the Bank in case where salary account not maintained with Own Bank Branch.
		ii. Third Party guarantee of one employee or insurance of loan amount in cases where salary account maintained with The Panchkula Central Coop. Bank (except Own Bank staff) .
		iii. The Guarantor(s) CIBIL Score below 600 will not be accepted
		iv. Advance check (PDCs) wherever applicable
7	Rate of Interest	Fix rate option.  For General @11.50% and For Staff (Own Bank/HARCO/ARCS) @10.00%