Purpose
For meeting Marriage/Educational and medical expenses, to celebrate family functions and for other household expenses etc other than speculative purposes.
Salary Loan
Clean loan for salaried class employees with regular income support.
Eligibility
Permanent Employees with minimum service/ experience of two years with Govt. /Quasi -Govt./ Boards/ Corporation and other reputed companies etc. with minimum take home pay of 40% of gross salary after servicing the proposed EMI.
Loan amount
Eligible amount is calculated at 10 times of the gross salary (maximum of Rs.500000/- ) with employer sponsorship and undertaking letter signed by competent Authorised signatory to recover EMI from salary and remit to the Bank Directly.
Rate of Interest
Please refer Interest rate chart / visit our nearest branch
Period of Loan & Repayment
36 Equated Monthly Instalments (EMI) for loans upto Rs.3,00,000/-
60 Equated Monthly Instalments (EMI) for loans above Rs.3,00,000/-
Processing charges
0.75% on loan amount with a max. of Rs.1500/-
How to apply
Please contact nearest Puducherry Grama Bank’s Branch for more details
Ready to explore this loan further?
Visit your nearest branch to confirm eligibility, interest details, repayment options, and the full application checklist.
