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MOU Based Loan Against Salary

Our MOU-Based Loan Against Salary product offers salaried individuals a quick and convenient way to access funds by leveraging their monthly income as security. With a simple Memorandum of Understanding (MOU) in place between you and the lender, this loan provides fast approval and disbursement, with minimal documentation required. Whether you need funds for personal or emergency expenses, this loan offers flexible repayment options tailored to your salary cycle, ensuring easy and manageable EMIs. Enjoy competitive interest rates and quick access to funds, all while maintaining your financial stability without the need for collateral.

Overview

Any purpose

Features

  • Most hassle free loan MOU based
  • Lowest Interest rate
  • NO processing charges
  • NO Margin

Eligibility

  • Teachers and other employees of State Govt with min 3 yrs of service left
  • MOU between Employee / Union & Bank

Documentation

  • Proof of Employment with Department
  • Proof of Income – Form 16 & ITR
  • Proof of Address & Identity

Rates & Others

Eligible Amount : 36 times * Net monthly income (Salary) upto Rs 15 Lacs

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