Maximum amount of loan

The members shall be granted maximum up to Rs. 6.00 lakh (Rs. six lakh only) with conditions that the amount sanctioned will not exceed 22 months' basic & DA salary and subject to maximum of Rs.18.00 lakh after clubbing both the loans (Regular + MTL).

• Recovery of medium term loan will be limited to 100 monthly installments.
• Surety of two members and an undertaking from employer for deduction of the installment/interest from salary/superannuation benefits of the concerned employee.