Revision of Conveyance Loan to Award Staff
Conveyance Loan for Award Staff revised : Car-Rs.7 lacs, Two Wheeler to those (who joined after 18.9.89)-Rs.60000 @7% simple intt.
Board in its meeting held on 30.11.2015 has approved the revision in maximum loan amount and reduction in rate of interest for Conveyance Loan Scheme to Staff, as under:
For Car – 90% of cost of vehicle subject to a maximum of Rs. 7 lacs
For Two Wheeler to those who joined after 18.09.1989 – 90% of cost of vehicle subject to a maximum of Rs. 60,000/-
Rate of Interest: 7% simple
Reduced Rate of interest will be applicable in existing as well as fresh loans.