The Professional Loan is designed to provide collateral-free loans to salaried professionals with regular income. The target groups for this loan include permanent employees working in government and non-government offices, organizations, companies, hospitals, schools, campuses, etc., bank employees, lawyers, doctors, engineers, auditors, CAs, pilots, and other professionals with a regular source of income.
The types of this loan will be as follows:
a) Professional Overdraft Facility
b) Professional Term Loan
Features
| Interest | Base Rate + Up To 5% Premium |
| Loan Tenure | Professional Overdraft: 1 year (Revolving) Professional Term Loan: Maximum 5 years (Equal Monthly Installment) |
| Repayment | Monthly or Quarterly – As per the customer’s income and repayment capacity |