Eligibility : Employees in Government, Public Sector Undertakings, reputed private enterprises, firms, companies etc. and confirmed in service. The take home pay, after deduction of the proposed loan installment should be more than 50% of the gross pay. LIC agents are also eligible to apply for the loan subject to conditions. Purpose: For any purpose including any social / financial commitment. Repayment: In a maximum of 60 months in case the loan is for 10 month salary and 36 months in case the loan is for 5 months salary.. Rate of interest : Please click Retail credit interest rates Security: Two, third party personal guarantee, the salary of each guarantor being at least equal to that of the borrower. Other conditions: 1. The employee should have a S.B. account in the branch from where the loan is proposed to be availed. 2. Salary of the employee should be routed through the S.B. account at the branch where the loan is sanctioned. 3. Undertaking letter from the employer undertaking to deduct from salary, loan installment every month and remit to bank to be produced. 4. Letter from the employer, undertaking to recover the dues from the terminal benefits of the employee in case of death, retirement or resignation to be produced. Documents required : Application form, Salary certificate of applicant and guarantor with deduction particulars, undertaking letter from employer to deduct monthly installment and recover the dues from terminal benefit in case of necessity. Processing Fee: One time processing fee of Rs. 204/- per lakh or part thereof(subject to change).  Click here to Download the Application Form