Purpose | To meet urgent domestic expenses and / or for purchase of consumer durables such as furniture, household appliances, etc. |
Eligible persons | Permanent / non-transferable employees of the State / Central Government / Quasi-Government or Public Sector Undertakings and Government approved / aided educational institutions. |
Quantum | Maximum Rs.7,00,000 or 20 month’s gross salary, whichever is less, in multiples of thousands. |
Rate of Interest | 11% p.a. (subject to change from time to time). |
Repayment period | Up to 60 equated monthly installments.(12,24,36,48,60) |