Group Loans

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Personal Banking > Loans > Group Loans

With SVC's Group Loans, it is now possible to strengthen the relationship you share with your employees & make their dreams possible.

Who can Borrow Individuals earning salary in reputed organization
Purpose Any personal use
Max. Limit Rs.5 lacs
 Security Company’s undertaking
Guarantors Two guarantors (Cross Guarantee within a group of three)
Repayment 60 months
Processing Charges Minimum
Attractive Features Competitive Rate on daily reducing. No Prepayment penalty
Documentation Charges As applicable
Prerequisites
  1. Minimum service of 3 years & Maximum completed age at the time of application should not exceed 51 years.
  2. Company‘s undertaking for direct deduction of EMI from the salary.
  3. Total deduction not to exceed 60%.
  4. Compliance of KYC norms