Employee Loans >> Overdraft facility
Beneficiary |
The beneficiary will be a regular/permanent employee of Punjab Govt., Semi Govt., Autonomous Bodies, Boards and Corporations, Apex, District, Cooperative Institutions or any other organization with the approval of BOD, whose salary is being credited in the saving account of bank branch. |
Loan Limit |
Maximum 1.50 Lakhs |
Rate of Interest |
13% |
Repayment Period |
Renewable each year. |
Collateral Security |
Two Good Sureties as per satisfaction of the bank. |