MBGB Personal Loan Scheme
For all type of personal use except for speculative purpose.
Confirmed/Permanent Defense personnel/PSUs/Sate and Central Govt./Statutory Organization/Hospitals/University/ Colleges whose salary is being through our branch.
Under Check off facility for those whose salary is not paid through our branch.
MBBS/BDS having total income more than Rs.4.00 Lac
Staff members of bank are also covered under the scheme.
Contract teacher having qualified the eligibility test and having a completed service period of 2 years.
Suspended employee not to be covered
Minimum Income and Extent of Loan and Margin:
Extent of Loan
Maximum- Rs. 500000/-
Maximum for 60 months commencing from next month of disbursement.
Up to Rs.25000/- NIL
Above Rs. 25000/- suitable third party guarantee acceptable to bank.
Other Important Issues:
Maxm deduction 50 percent of net salary.
Genuiness of Form 16 and salary slip to be ensured.
- be credited till closure of loan.
Affidavit for non availment of loan from any other till closure to be obtained and also salary to
CIBIL report to be checked for any adverse condition.
- employee from the bank.
Employer to be informed through registered post informing details of loan raised by the