Wednesday, July 17, 2019
Finance

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

State Bank of Mysore- MYBank Arakshak

Purpose of Loan:

Personal loan for any purpose including purchase of consumer durables. This scheme is introduced to assist the Police Personnel to avail the loan hassle free.

Eligibility:

All Police Personnel (Permanently employed).

Quantum of Loan:

10 times net monthly income with a maximum of Rs.1.50 lakh.

Rate of Interest:

Interest rate for Mybank Adhyapak Loan scheme is13.75%

Repayment of Loan:

Maximum of 36 months in equated monthly instalments.

Processing Fee:

Rs.250/- flat.

Security:

  • Upto Rs.25,000/- Nil

  • 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