Maha Bank Personal Loan scheme to Bharat Petroleum Corporation Limited (BPCL) Employees
Name of the scheme
Maha Bank Personal Loan scheme
Purpose of loan
To cater to the requirements of meeting personal expenses.
All confirmed employees of BPCL –public sector unit.
Min Annual Income
Minimum annual Income – 3.00 Lakhs.
Maximum Quantum of Finance
Maximum Rs 20.00 Lakhs.
Loan amount is 20 times of Gross Monthly Income or as per Maximum Quantum of Finance whichever is lower
Rate of Interest
RLLR + 1.65 %
Not to Exceed 60% of the Gross Income including Proposed EMI / Notional Interest.
(In case of existing Housing loan borrowers 65% of Gross income including proposed EMI)
Nil (Clean Loan)
One Guarantor acceptable to the Bank