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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