Eligibility | Individual member of the bank who is a salaried person |
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Purpose | For personal exigencies, House repairs, Deposit for acquiring house on rental basis, marriage in the family, medical/hospitalization expenses |
Amount | 10 Times of Net Monthly Salary/Income - Maximum Rs.2.00 lacs - Total deductions including instalment for the loan shall not exceed 50% of Net Salary/Income. |
Margin | Share money 5% of the amount of the loan. |
Repayment | Maximum 48 equated installments |
The Malad Sahakari Sahakari Bank Ltd is registered with DICGC
(https://www.dicgc.org.in)