Kanara DCC Bank
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CKYC
Your Website Title
Kanara DCC Bank

Term advances may be paid to the Salary Earners who should be nominal members of the Bank, for their domestic requirements.

The Salary Earners should have savings bank deposits with the Bank for his eligibility to avail such loan facility.

A term loan equal to 15 month’s pay / income subject to maximum of Rs. 10.00 lakhs shall be sanctioned on his satisfying the following conditions :

(i) He should produce a certificate from his employer(Pay Disbursing Officer) regarding his salary particulars and an Agreement from applicant for deduction of monthly installments out of his salary and to credit with the Bank every month.

(ii) He should offer one or more sureties acceptable to the Bank.

The loan sanctioned shall be repaid by 60 monthly instalments from the date of advance. The monthly deductions shall not exceed 50% of the Gross Salary / Income including loan installment and interest.

*Rules are subject to change from time to time. For further details please contact nearest branch.