State Bank of Mysore- MYBank Adhyapak
Purpose of Loan:
Personal Loan for any purpose including purchase of consumer
durables.
Eligibility:
Permanent Teachers / Non-Teaching Staff of Central / State Govt.
Educational Institutions and also Teachers and Non-Teaching Staff of Govt. Recognized
Schools / Colleges / Aided Institutions.
Quantum of Loan:
10 times net monthly income with a maximum of Rs.1.00 Lakh.
Rate of Interest:
Interest rate for Mybank Adhyapak Loan scheme is13.75%
Repayment of Loan:
Maximum of 36 months in equated monthly installments.
Processing Fee:
Rs.250/- flat.
Security:
-
Upto Rs.25,000/- Nil (only Check off facility).
-
Above Rs.25,000/- check off facility. NSC, LIC policy may be
insisted for security wherever possible or third party guarantee of equal
means.
For more information: Website
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