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Purpose Personal Expenses Home Loan Education Loan
Eligibility Personnel of Indian army, Indian Navy, Indian Air force, Indian coast guard and paramilitary forces with min two-year of service Personnel of Indian army, Indian Navy, Indian Air force, Indian coast guard and paramilitary forces with min two years of service Personnel of Indian army, Indian Navy, Indian Air force, Indian coast guard and paramilitary forces with min two years of service
Amount of Loan Commissioned officers: Maximum upto 5.00 lakh Max : Rs 140 lakh
  1. India – Rs. 75 Lakhs
  2. For medical courses – Rs.150 lakhs
  3. Abroad – Rs. 500 lakhs
  4. Vocational courses – Rs.10 lakhs
Junior Commissioned Officers: Maximum upto 3.00 lakh
Non-Commissioned Officers: Maximum upto 2.00 lakh
Jawans: Maximum upto Rs 1.00 lakh
Basis of advance 20 times of net monthly income subject to above 70 times of net monthly income subject to above As per Saraswati Education Loan Scheme
Security Charge over assets acquired out of loan Equitable mortgage of house property As per Saraswati Education Loan Scheme
Guarantors Nil Nil As per Saraswati Education Loan Scheme
Repayment Maximum 60 months Max 240 months Maximum 15 years including moratorium period.
Processing fee Nil Nil for loans upto Rs 35 lakh
Above Rs 35 lakh: Rs 10000/-
Above Rs 50 lakh: Rs 20000/-
As applicable
Rate of interest Personal Expenses - 11.00% to 11.50% p.a. Fixed
Housing Loan as applicable to general public
Personal Expenses : NIL
Housing Loan : as applicable to general public
As applicable
Shareholding Rs. 500/- Upto 1 Cr - Rs. 1000/-
Above 1 Cr - Rs.25000/-
Upto 1 Cr - Rs. 1000/-
Above 1 Cr - Rs.25000/-