Special Loan Scheme for the Staff Members of the Universities Under UGC

SPECIAL LOAN SCHEME FOR THE STAFF MEMBERS OF UNIVERSITIES  UNDER UNIVERSITY GRANT COMMISSION

For Senior Professor, Professor, Associate Professor, Senior Lecturer (Grade I/lI), University Medical Officers.

Maximum amount Rs. 10.0 Mn
Maximum period 10 years
Rate of interest Up to 5 years – 12.5%,    6-10 years – 13.0%
Security Up to Rs.3.0 Mn

* Primary documents.
*  Assignment over Investment Savings Account
* Loan protection policy

Over Rs.3.0 Mn up to Rs. 5.0 Mn

*   Primary documents
*  Assignment over investment Savings Account
*  One guarantor of same grade or above or who  are in a position to    service the particular loan

Over Rs.5.0 Mn up to Rs. 8.0 Mn

* Primary documents
* Assignment over investment Savings Account
* Two guarantors of same grade or above or who  are in a position to service the particular loan

Over Rs.8.0 Mn up to Rs. 10.0 Mn

*   Primary documents
*   Assignment over investment Savings Account
*   Immovable property mortgage

1.2   Lecturer, Lecturer(Probation), Secretary/ UGC, Registrar/ Additional Secretary,  Accountant/   

        Bursar,  Deputy Registrar / Bursar,  senior Asst. Registrar/Bursar, Assistant Registrar/ Bursar,    

        Assistant Registrar / Bursar, Sub Warden.

Maximum amount Rs. 8.0 Mn
Maximum Period 1 0 years
Rate of Interest Up to 5 years – 12.5%,         6-10 years – 13.0%
Security Up to Rs.2.0Mn

* Primary documents.
* Assignment over investment Savings Account
*  Loan protection Policy

Over Rs.2.0 Mn up to Rs. 3.0 Mn
*   Primary documents
*   Assignment over investment Savings Account
*   One guarantor of same grade or above or who  are in a position to service the particular loan

Over Rs.3.0 Mn up to Rs. 5.0 Mn

*   Primary documents
*   Assignment over investment Savings Account
*   Two guarantors of same grade or above or who  are in a position to  service the particular loan

Over Rs.5.0 Mn up to Rs.8.0 Mn

*   Primary documents
*   Assignment over investment Savings Account
*   Immovable property mortgage

 

Manager
Peoples Bank  – Gangodawila
(TP – 0112803265/0112801909)