General Loan @ 5% Flat P.A.
Loan eligibility and important terms for eligible shareholders
Loan Eligibility
General Loan eligibility based on service period and CMTD balance
| Service / Eligibility Criteria | Loan Eligibility |
|---|---|
| Upto 5 years | ₹2,00,000/- |
| 5 to 10 years | ₹2,30,000/- |
| 10 to 15 years | ₹2,60,000/- |
| Above 15 years | ₹3,00,000/- |
| CMTD Balance ₹1,00,000 to ₹1,50,000 | ₹3,50,000/- |
| CMTD Balance above ₹1,50,000 | ₹4,00,000/- |
| Gazetted Officers | ₹8,00,000/- |
Important Loan Conditions
Please review the following eligibility and repayment conditions
For new members, after one CMTD recovery, the shareholder is eligible to avail the loan.
For re-admitted members, after six CMTD recoveries, the shareholder is eligible to avail the loan.
The shareholder must have a minimum of 30% take-home salary.
Available number of instalments: 12 / 18 / 24 / 30 / 36 / 42 / 48 / 54 / 60 / 66 / 72
General Loan is renewable after completion of 1/4th of the loan period and loan amount of the previous loan.
In case of total repayment, a shareholder is eligible for a fresh loan only after 3 months or his regular loan eligibility, whichever is earlier.
Surety required: 1 person with minimum 12 CMTD recoveries and 2 years Railway Service.
2% will be recovered towards LRF.
Documents to be Enclosed
Self-attested copies of the following documents are required
Borrower Bank Details
Borrower Bank Pass Book or Cancelled Cheque Xerox (Salary Account) with self-attestation.
Borrower Salary Documents
Borrower's latest 3 months Pay-slips and CCS Passbook Xerox with self-attestation.
Surety Documents
Surety's latest 1 month Pay-Slip and CCS Passbook Xerox with self-attestation.
Please ensure that all required documents are properly self-attested before submitting the loan application.