Salary Linked Personal Loan

Key Features

  • Eligibility:- All permanent employees of Govt. Department, Reputed Companies, with minimum -6- months of employment with the same organization and maintaining salary account with us to meet any personal needs.
  • Maximum Loan Amount: - RO 25,000/- (Subject to Eligibility).
  • Maximum Repayment Period: - up to 30 months
  • Rate of Interest – 6%
  • Personal accident insurance coverage for entire loan amount
  • Interest calculated on daily reducing balance
  • Borrower to be covered under Group Life Insurance Scheme for the loan amount
  • Insurance amount to be borne by the borrower
  • Prepayment Charges – 1% of prepaid amount