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Surety Loan
Purpose
Purpose Ceremonial expenses,house repairing, education, medical expenses, repayment of old debts
Eligibility
Self employed or salaried persons who are account holders of the bank and residents of Navi Mumbai.
Loan Limit
Rs. 25,000/- where deduction u/s 49 of M.S.C. Act 1960 is
not available.
Upto Rs. 1,00,000/- where deduction u/s 49 of
M.S.C. Act 1960 is available or SDL undertaking and PDCs
against salary or ECS mandate to be issued in favour of bank
by reputed employer.
Repayment Period
36 to 48 months.