Beneficiary

Employees of Punjab Govt., PSU, Boards, Corporations etc.

Purpose

Credit Facility for meeting out socio-economic & domestic needs.

Loan Limit

10 times of gross monthly salary or RS. 2.00 lakh, whichever is less

Rate of Interest

15%

Repayment Period

Maximum  5 years.

Collateral Security

Two Good Sureties as per satisfaction of the bank