Karnataka Gramin Bank

Salary Loan

  • Purpose
  • Eligibility
  • Income Criteria
  • Quantum of Loan
  • Security
  • Repayment

Purpose

Purpose

NPS (Personal Loans)

Eligibility

Eligibility

  • All Confirmed employees
  • Salary at our branch OR

Against undertaking letter from the Employer

Income Criteria

Income Criteria

Net Take home salary should not be less than 25% of the Gross Salary

Quantum of Loan

Quantum of Loan

10 Months Gross Salary OR
Rs.5.00 lakhs whichever is less

Security

Security

Co-Obligation.
NSC / KVP / LIC / Term Deposits

Repayment

Repayment

Repayable within 4 years in 48 equated monthly installments.