Personal Loan190712

8/11/2019 Personal Loan190712

1/18

CHAPTER XIV

UNITED PERSONAL LOAN SCHEME

18.1. Purpose18.2. Target Group

United Personal Loan

18.3. Eligibility

18.4. ua!tu" o# $oa!

18.%. Perio& o# $oa!18.'. Rate o# I!terest

18.(. )o*u"e!tatio!

18.8. +er,i*e C-arges Pro*essi!g /ees

18.0. +e*urity18.1. +er,i*e C-arge Pro*essi!g /ee

18.11. +a!*tio!i!g Aut-ority18.12. Parti*ulars reuire& #ro" t-e appli*a!t

18.13. )e#ault a!& Re*o,ery

18.14. peratio!al gui&eli!es #or bra!*-es

A!!e5ure A

A!!e5ure 6

A!!e5ure CA!!e5ure )

A!!e5ure /A!!e5ure /


2/18

Personal Loan Schemes for Salaried (UNITED PERSONAL Persons

I! or&er to gi,e greater #o*us o! retail *re&it seg"e!t7 t-e ba! -as i!tro&u*e& Perso!al$oa! +*-e"e to i!&i,i&uals !o9! as Perso!al $oa! #or +alarie& perso!s. T-e latest *ir*ulars

a!& gui&eli!es issue& o! t-is sub:e*t are to be rea& 9it- t-is *-apter. T-e salie!t #eatures o# t-e

s*-e"e are i!&i*ate& i! t-e #ollo9i!g paragrap-s ;

!"#!# P$r%ose &

Pro,i&i!g loa!s to t-e salarie& perso!s to "eet t-eir perso!al e5pe!ses 9-i*- arete"porary i! !ature arisi!g out o# &o"esti* a!& so*ial reuire"e!ts lie "arriage7 so*ial

*ere"o!ies7 tour7 "e&i*al treat"e!t or a!y ot-er purpose.

!"#'# Taret )ro$% &

Regular e"ployees o# Ce!tral a!& +tate Go,er!"e!ts7 Go,er!"e!t


3/18

!"#0# PERIOD O/ LOAN;

T-e loa! s-all be repai& 9it-i! a perio& !ot e5*ee&i!g ' "o!t-s by euate& "o!t-ly

i!stal"e!ts E?IB so t-at !et tae -o"e salary o# t-e appli*a!t a#ter all &e&u*tio!s7 i!*lu&i!gi!stal"e!t o# propose& loa! a!& loa!s gra!te& by -is


4/18

No %enalt5 sho$ld 6e chared for earl5 re%a5ment of loan#

!"#"# ua!tu" o# loa!7 "argi! a!& ot-er ter"s a!& *o!&itio!s "ay be "o&i#ie& #ro" ti"e to

ti"e

!"#7# RATE O/ INTEREST &

I!terest s-all be *-arge& at a rate a!& i! a "a!!er as s-all be pres*ribe& by Hea& ##i*e

#ro" ti"e to ti"e. ori!g 9o"e!< pro#essio!als are eligible to get *o!*essio! o# .2%@p.a. i! rate o# i!terest

!"#!8SECURIT, /OR LOANS

18.1.1 Pri"ary ;

T-ere s-all !ot be a!y pri"ary se*urity #or loa!s u!&er t-ese s*-e"es.

18.1.2 A&&itio!al ;

I! *ertai! *ases a!& 9-ere,er a,ailable7 a&&itio!al se*urity i! t-e #or" o# $IP7+C7 FVP7 ot-er se*urities a!& 6a!>s o9! ter" &eposits s-all be a**epte& as per

arra!ge"e!t 9it- t-e borro9ersB.

18.11# SANCTIONIN) AUTHORIT,

6ra!*- ?a!ager s-all be t-e sa!*tio!i!g aut-ority #or t-is s*-e"e. Ho9e,er7 as a

"easure o# abu!&a!t pre*autio!7 i! *ase o# bul proposals #ro" salarie& e"ployees o#*orporate -ouses7 e&u*atio!al i!stitutio!s a!& "u!i*ipalitiess =!&ertai!g i! t-e letter -ea&B A!!e5ure C

i,B E"ployer>s *o!#ir"atio! o# &e&u*tio! o#?o!t-ly i!stal"e!t E?IB A!!e5ure /

,B $atest salary *erti#i*ate #ro" t-e e"ployer o# t-e appli*a!t i! *ase o# salarie&

perso!s .


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,iB A *opy o# t-e latest I!*o"e Ta5 Assess"e!t r&er a!&


6/18

18.14.4. T-e i!&i,i&ual loa! a**ou!t s-all be "ai!tai!e& i! t-e Perso!al $oa! $e&ger i! C6+ .

T-e $oa! a**ou!t s-all be &ebite& at t-e ti"e o# &isburse"e!t o# t-e loa! a!& *re&ite&

9-e! t-e i!stal"e!t is re*ei,e&. I!terest i! t-e a**ou!t s-all be *al*ulate& o! &ailybala!*e a!& t-e a"ou!t o# i!terest s-all be &ebite& to t-e a**ou!t at a perio&i*ity as s-all

be pres*ribe& by Hea& ##i*e. A**ou!t pe!i!g Register a!& $oa! $e&ger s-all be

"ai!tai!e& i! t-e syste" #or Perso!al $oa! A


7/18

AEX=RE A

A%%lication for Loan $nder U+I Personal Loan Scheme

ToT-e C-ie# ?a!ager


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(. /or salarie& Appli*a!t ;

iB ?o!t-ly gross salary a!& !et tae -o"e salary #or t-e "o!t-

to be *erti#ie& by t-e e"ployerB

Appli*a!t 1 Appli*a!t 2

Gross +alary )e&u*tio! Gross +alary )e&u*tio!

6asi* Rs. P/ Rs. 6asi* Rs. P/ Rs

)A Rs7 IT Rs. )A Rs. IT Rs.

HRA Rs. $oa! Rs. HRA Rs. $oa! Rs. t-er Rs. t-ers Rs. t-ers Rs. t-ers Rs.

Total Rs. Total Rs. Total Rs. Total Rs.

et tae -o"e salary Rs. et Tae -o"e salary Rs.

iiB /or Pro#essio!al a!& +el# Appli*a!t Appli*a!t 2E"ploye& appli*a!t

Gross A!!ual I!*o"e Rs. Rs.To e!*lose latest I!*o"e

Ta5 Assess"e!t r&er

Personal Loan190712

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