Last Updated on 16/10/2019
Consumption Loans - Sahayika

Loan to meet social financial commitments


Individual, confirmed permanent employee of a reputed organisation or a professional or self-employed or businessperson with three years standing in the field of activity,  can apply for the loan. For salaried person the take home pay is at least 40% of the gross salary after taking into account the installment for the present loan.


For meeting social financial commitments such as marriage in the family, education of children, medical treatment etc. The loan can be availed for any financial commitment with in the ambit of law. Bank will not verify the purpose declared.

Maximum Loan

Maximum loan amount is Rs. 10 lakh. The loan amount, however, depends on the value of the security offered and repaying capacity. For professionals, self-employed and business persons, the maximum loan is restricted to total annual income of previous year, as declared in the I.T. return or assessment order but not exceeding Rs. 10 lakh.


50% on immovable property 25% on securities such as NSC, KVP, IVP, ULIP etc. 10% on Life policies (surrender value) of LIC of India and other private insurance companies.

Rate of Interest

Retail Credit Interest Rates (Click here)

Processing Charges (Click here)


Repayable in Equated Monthly Installments up to a maximum period of 60 months. Shorter repayment period is also permitted


Immovable property or Liquid securities like NSC, IVP, KVP, ULIP, UNITS etc. or Life policies of LIC of India and other private insurance companies approved by IRDA


  • Application indicting the purpose for which the loan is required, amount of loan required and the repayment period
  • Proof of employment and income
  • Proof of standing in the field of activity for Professionals, self-employed and business people
  • Income tax assessment order or return with ITO acknowledgement for Professionals etc.
  • Details of the security offered and copies of the documents

Sahayika Application Form (Click here)