Personal Loan EMI Calculator
Personal Loan EMI Calculator
  • Loan Amount:

    10000
    1500000
    500000
  • Rate of Interest (%):

    5%
    18%
    10.70
  • Loan Terms (monthly):

    12
    84
    60
  • Equated Monthly Installment (EMI) will be

  • Benefits
  • Introduction
  • Features
  • Eligibility
  • Documents Required
  • Fees & Charges
  • Terms and Conditions

Enhanced Earned Salary Advance Drawls Access Scheme : Benefits

    • Salary advances up to Rs. 25 Lacs
    • Specially tailored for Permanent Employees of Rajasthan State Govt.
    • No requirement to upload Income proof/Bank Account statement
    • Straight through Process (STP) journey till disbursement & automated collection of EMIs.

Enhanced Earned Salary Advance Drawls Access Scheme : Introduction

  • Applicant is eligible for Instant Salary advance up to Rs. 25 Lakhs at Bank of Baroda. Fixed Interest rate of 11.50%, Loan tenures of 1,3 & 24 months and quick approvals.
    Loan Tenure Max Loan amount
    1 Month 50% of last drawn net salary
    3 Month 50% of (last drawn net salary *3)
    24 Months 50% of (last drawn net salary *24)

Enhanced Earned Salary Advance Drawls Access Scheme : Features

  • Product Type: Enhanced Earned Salary Advance Drawls Access Scheme. (Demand Loan)
  • Purpose: For any purpose other than speculation
  • Age Criteria:
    1. Minimum: 21 Years
    2. Maximum: 57 years 6 month
  • Advance Limit: Minimum Rs. 10,000/- and Maximum Rs. 25,00,000/-
  • Repayment Period: 1 Month /3 months/ 24 Months/
  • Rate of Interest: 11.50% (Fixed)
  • Processing Charges: Zero

Enhanced Earned Salary Advance Drawls Access Scheme : Eligibility

  • Permanent Employees of Rajasthan State Government.

Enhanced Earned Salary Advance Drawls Access Scheme : Documents Required

  • Valid Mobile number registered with Bank account.
  • Aadhar Number for E-stamping/E-signing of Documents
  • Web camera for clicking pictures and Performing video KYC

Enhanced Earned Salary Advance Drawls Access Scheme : Fees & Charges

  • Processing Charges: Zero
  • Prepayment Charges: Nil
  • Penal charges: Penal Charges @ 2% p.a. will be charged on the amount of default for Delayed payment of dues including Principal, interest, service charges, bills overdue etc.
  • NOTE: Penal charges will be applied solely to overdue payments (instalments and/or interest/service charges etc.), for the period they remain unpaid beyond their due date. Penal charges will be calculated based on the actual number of days of default but will be debited on a monthly basis.

  • Penal Charges @ 2% p.a. will be charged on the outstanding balance of credit facilities of borrower for the default period for following nature of non-compliance:
    1. non-submission of documents as per sanction terms
    2. Non-compliance in security perfection as per sanction terms.

Enhanced Earned Salary Advance Drawls Access Scheme : Terms and Conditions

  • The validity of the application process is stipulated as -30- days from the initiation of the application. The process till loan account opening is to be completed within that period.
  • Bureau score cut off defined as per product features.
  • Upfront recovery of Stamp duty charges in case of ETB and net off in case of NTB customer
  • Sanctioning of applications basis Internal scoring criteria.
  • Employees should have updated their retirement date, email ID etc before commencing their journey

Frequently Asked Questions (FAQs)

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