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 |
- Minimum service of 3 years & Maximum completed age at the time of application should not exceed 51 years.
- Company‘s undertaking for direct deduction of EMI from the salary.
- Total deduction not to exceed 60%.
- Compliance of KYC norms
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