LOAN MATRIX

  OFFICERS AIRMEN NCs(E)
House Building Loan - First Loan
Max Loan Amount 75 Lakh
Max Instalments (EMIs) 300
Interest Rate Upto 10 Lakh 7.10% 7.0%
Above 10 Lakhs & Upto 75 Lakhs 7.10%
House Building Loan - Second Loan
Max Loan Amount 75 Lakh (including HBL outstanding as on date of sanction of loan)
Max Instalments (EMIs) 300
Interest Rate 7.10%  
Extension/ Renovation of Existing House/ Flat
Max Loan Amount 30 Lakh (Limited to total of 75 Lakh)
Max Instalments (EMIs) including originally sanctioned instalment 300
Interest Rate 7.10%  (Flat Rate)
Purchase of Plot
Max Loan Amount 40 Lakh
Max Instalments (EMIs) 300
Interest Rate Upto 10 Lakh 7.10% 7.0%
Above 10 Lakhs & Upto 40 Lakhs 7.10%
Modern Home Instalations Loan (HBL-3)
Max Loan Amount 15 Lakh 10 Lakh 5 Lakh
Max Instalments (EMIs) 120
Interest Rate 8.0%
Conveyance Loan - Two Wheeler
Max Loan Amount 4 Lakh 2 Lakh 1.5 Lakh
Max Instalments (EMIs) 96
Interest Rate 7.75%
Conveyance Loan - New Car
Max Loan Amount 25 Lakh 10 Lakh
Sgt and above with 5 years of service
N / A
5 Lakh
Cpl and above after 5 years of service
Max Instalments (EMIs) 180 180 N / A
Interest Rate 7.75%
Conveyance Loan - Old Car
Max Loan Amount 6 Lakh 3 Lakh
Sgt and above with 5 years of service
N / A
2 Lakh
Cpl and above after 5 years of service
Max Instalments (EMIs) 120 120 N / A
Interest Rate 7.75%
Personal Computer Loan
Max Loan Amount 2 Lakh
Service > 6 months (a) Service > 2yrs
(b) Not eligible if Service < 5 years & HBL/MCL running
Max Instalments (EMIs) 96
Interest Rate 8.0%
NOTE:

1.  Wef 01 Jan 18 members can avail HBL on another property concurrently without liquidating the previous loan outstanding, if any.

2.  Wef 01 Jan 18 members can avail conveyance Loan on another vehicle concurrently without liquidating the previous loan outstanding, if any.

3. The above amounts are the max loan admissible subject to the repaying capacity and NE Benefits of each applicant.

4. The numbers of instalments are subject to the period of service left to recover the total instalments.