| Purpose |
- Any purpose including marriage, education, medical or other domestic expenses. The
end use of funds should be strictly for non-speculative purposes.
|
| Age of applicant |
- Entry age is 18 years and exit age is 60 years
|
| Eligibility |
- Salaried : Permanent employees / Confirmed Employees with minimum 2 years of
service with Government / Quasi Government organisations, PSUs, Public Sector Banks,
Reputed MNCs / Corporates / Universities / Colleges / Academic Institutions / Industrial
Establishments etc.
- Non Salaried : Professionals, Businessmen, Traders, Self Employed with last two years IT
Returns.
|
| Take home pay
|
- 40% of Gross Income/Pay as Net Take Home Income/Pay post all EMI deductions
(existing and proposed) should be available
|
| Loan amount
|
- Salaried:10 times of Gross Pay subject to Maximum of `5.00 lakh
- Non Salaried: 5 times of Gross Income subject to Maximum of `5.00 lakh
|
| Rate of Interest
|
|
| Period of Loan &
Repayment
|
- 60 EMIs - No holiday period
|
| Processing charges
|
- 1.20 % of limit sanctioned
|
| How to apply
|
- Please contact nearest Tamil Nadu Grama Bank’s Branch for more details
|
Careers
Tenders
Grievance Redressal
Downloads