Personal

Type of Advance

Demand Loan (reducible as per repayment schedule)

Quantum of advance

Max. Rs.2.00 lacs (clean)

Max. Rs.5.00 lacs (in case liquid collateral security is offered like TDRs, NSCs, IVPs, KVPs, LIC Policy (Surrender Value) etc. at least equal to 50% of loan amount sanctioned)

Max. Rs. 10.00 lacs (In case liquid collateral security is offered like TDRs, NSCs, IVPs, KVPs, LIC Policy (Surrender Value) etc. at least equal to 100% of loan amount sanctioned)

Pensioners : Max. Rs.1.00 lac

Minimum size of loan:-

At Metro and Urban Centers: Rs.10, 000/-

At Rural and Semi Urban centers: No minimum size of loan.

Purpose

To meet the expenses (like airfare/Train/Bus charges, expenses for accommodation, sightseeing, etc.) for going for pilgrimage/tours/excursions etc. undertaken/to be undertaken by Self/spouse/children/ parents/family members/close relatives of proponent within India or abroad.

Margin

No specific margin. Loan amount not to exceed proposed expenditure/requirement.

Repayment

Maximum in 24 EMIs (Equated monthly installments) w.e.f. one month after first disbursement from loan account. In special/exceptional case, up to 36 EMIs.

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