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Image  RETAIL LOAN SCHEMES FOR BSNL EMPLOYEES

UNION PERSONAL

PURPOSE
There are many among us who might be facing difficulty in purchasing goods by paying a lumpsum amount. But we would be comfortable paying small installments on a monthly basis. The Union Personal loan plays an important role here. It helps you avail loans to meet personal expenses such as purchase of consumer durable, etc.

ELIGIBILITY
To avail "Union Personal" you need to meet the following criteria:

  • Should be permanent employee of BSNL or employee on permanent deputation from Department of Telecom (DOT) to BSNL having regular source of income and having salary account with our bank.

QUANTUM OF LOAN

  • Up to Rs. 10 Lakh

MARGIN, I.E. YOUR SHARE

  • Nil

MORATORIUM PERIOD

  • Nil

REPAYMENT

  • Repayment period of up to 5 years provided loan tenure ends before the retirement employee.

RATE OF INTEREST AND PROCESSING CHARGES

  • Please click here to know our latest rate of interest
  • No Processing charges

GUARANTEE

2 Guarantees are required.
  • Guarantee of one co-employee.
  • Guarantee of spouse/nominee of terminal benefits. In case spouse is not there, guarantee of one additional co-employee.

SECURITY

  • Hypothecation of assets wherever applicable

Validity of scheme upto 31/12/2018

For further details, please visit our nearest branch.


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