|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)|