Advances



Un-Secured Loans


  • Short Term Loan
  • Medium Term Loan
  • Long Term Loan
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  • Terms & Conditions

Short Term Loan

Eligible Loan Amount Rs.1,50,000
Term Maximum of 50 Months
Rate of Interest 9.5% p.a
Renewal -NA-
Share 5.00% of the Loan Amount


Medium Term Loan

Eligible Loan Amount Rs.3,00,000/-
Term Maximum of 100 Months
Rate of Interest 9.5% p.a
Renewal After 12 monthly recoveries
Share 5.00% of the Loan Amount


Long Term Loan

Eligible Loan Amount Rs. 25,00,000 or 60 times the pay (Basic Pay + Grade Pay) whichever is less.
Term Maximum of 240 Months
Rate of Interest 9.5% p.a
Renewal After 6 monthly recoveries
Share 5.00% of the Loan Amount



  • Latest Salary Slip of the loanee and co-obligant should be attached.
  • Loans are subject to availability of Funds.
  • Loans will not be sanctioned for 1st 4 working days of the month.
  • Loans sanctioned based on repayment capacity of the member.
  • Loanee shall produce Surety / Co-Obligant who is not a defaulter.
  • A member can stand surety
    • Maximum 2 Personal Loans.
    • Maximum 2 Short Term loans.
    • Maximum 2 Medium Term loans
    • 2 any other loans (but the member cannot stand surety for 2 housing scheme).
  • The Credit worthiness of the Surety also considered at the time of sanctioning of Loan.
    • MTS member can stand surety upto Clerk / Typist.
    • Clerk / Typist Cadre can stand surety upto Senior Accountants / Senior Auditors.
    • Senior Accountants / Senior Auditors can stand surety to any member.
  • For Availing Housing Loans, Member should have completed 5 years of service, 1 yr of membership in Bank and should have a minimum of 3 yrs of service left prior to retirement.
  • All loans should be cleared three months prior to retirement.
  • Members should clear all the loans/Liabilities with the Bank and should not have stood surety to any loan when they proceed on deputation/transfer to other states.
  • In case of members who have availed loan and are already on deputation/transferred to other states have to submit 6 post-dated cheques of the Bank in which their salary is being credited. They should inform the bank on repatriation to the parent department.
  • No further loans will be sanctioned to the members while on deputation/transfer to other states.