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Sl.No | Eligible borrower | Guarantor requirement |
1 | Regular employees | 1.e-PEMS A guarantor is not required. 2.Non-e-PEMS (EMI remitted from the office) A guarantor is not required if the applicant is in service for more than 3 years including the probation period. A guarantor is required if the applicant is less than 3 years in service. The guarantor should be equal or higher grade from the same office/Ministry. For senior officials and executive officials who cannot provide guarantors of the same grade from the same organization/ministry shall provide guarantors of one or two grades lower from the same organization/ministry. |
2 | Contract employees | All the borrowers are required to provide TPG of the same or higher grade from the same agency or equivalent position from the Civil Service/DHI owned Companies/SOEs.For senior officials and executive officials who cannot provide guarantors of the same grade from the same organization/ministry shall provide guarantors of one or two grades lower from the same organization/ministry. |
3 | Private employee | All the borrowers are required to provide an employer guarantee or TPG from a civil service/DHI-owned Companies/SOEs. However, the private company should be in operation for more than 5 years. |
SERVICE DURATION | MAXIMUM AMOUNT ELIGIBLE (Nu.) | Guarantor requirement | |
1 | Regular employees | ||
6 to 12 months (including probation period) | 100,000.00 | Subject to fulfilment of 70% LTI | |
Above one to 3 years confirmed service | 300,000.00 | ||
Above 3 years confirmed service | 500,000.00 | ||
2 | Contract Employees | ||
3 to 12 months (confirmed service) | 200,000.00 | Subject to fulfilment of 70% LTI | |
Above one to 5 years confirmed service or contract term whichever is lower | 500,000.00 | ||
3 | Private Employees | ||
12 months (confirmed service) | 100,000.00 | Limit computation will be 1.5 times the PF accumulation of the applicant or as per the slab whichever is lower subject to fulfilment of 70% LTI. | |
Above one to 3 years confirmed service | 200,000.00 | ||
Above 3 years confirmed service | 500,000.00 |
Sl.No | Eligible borrower | Guarantor requirement |
1 | Regular employees | 1.e-PEMS A guarantor is not required. 2.Non-e-PEMS (EMI remitted from the office) A guarantor is not required if the applicant is in service for more than 3 years including the probation period. A guarantor is required if the applicant is less than 3 years in service. The guarantor should be equal or higher grade from the same office/Ministry. For senior officials and executive officials who cannot provide guarantors of the same grade from the same organization/ministry shall provide guarantors of one or two grades lower from the same organization/ministry. |
2 | Contract employees | All the borrowers are required to provideTPG of the same or higher grade from the same agency or equivalent position from the Civil Service/DHI owned Companies/SOEs.For senior officials and executive officials who cannot provide guarantors of the same grade from the same organization/ministry shall provide guarantors of one or two grades lower from the same organization/ministry. |
3 | Private employee | All the borrowers are required to provide an employer guarantee or TPG from a civil service/DHI-owned Companies/SOEs. However, the private company should be in operation for more than 5 years. |
Sl.No | Eligible borrower | Guarantor requirement |
1 | Regular employees | 1.e-PEMS A guarantor is not required. 2.Non-e-PEMS (EMI remitted from the office) A guarantor is not required if the applicant is in service for more than 3 years including the probation period. A guarantor is required if the applicant is less than 3 years in service. The guarantor should be equal or higher grade from the same office/Ministry. For senior officials and executive officials who cannot provide guarantors of the same grade from the same organization/ministry shall provide guarantors of one or two grades lower from the same organization/ministry. |
2 | Contract employees | All the borrowers are required to provideTPG of the same or higher grade from the same agency or equivalent position from the Civil Service/DHI owned Companies/SOEs.For senior officials and executive officials who cannot provide guarantors of the same grade from the same organization/ministry shall provide guarantors of one or two grades lower from the same organization/ministry. |
3 | Private employee | All the borrowers are required to provide an employer guarantee or TPG from a civil service/DHI-owned Companies/SOEs. However, the private company should be in operation for more than 5 years. |
Sl.No | Eligible borrower | Guarantor requirement |
1 | Regular employees | 1.e-PEMS A guarantor is not required. 2.Non-e-PEMS (EMI remitted from the office) A guarantor of equal or higher grade from the same office/ Ministry is required. |
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