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UMUCB PERSONAL LOAN

Eligibilty

Advances granted to salaried employees Who entered into arrangements with the employee and employer for the recovery of the loans through deductions out of salary.

Those Employers who have not given any undertaking than Borrower should give PDC (Post Dated Cheques) of their Banks where their salary deposited.

Quantum of loan:

Rs. 2.00 Lac If borrower Submitted salary undertaking from their Employer.

Rs. 1.00 Lac to others who give PDC (Post Dated Cheques) of their    Banks where their salary deposited.

Period of Loan:

36 months

Interest Rate:

As decided from time to time by Bank Board.