MBL Privilege Loan
This loan scheme aim towards the employees of entities having salary management agreement in MBL. This scheme aims to meet the fund requirement of individuals for various personal needs such as social needs-marriage, medical treatment, travel, personal investment, children’s education, settlement of personal borrowing, and various other need of customers.
Loan scheme provided under this category shall be as under type
-Privilege Overdraft (POD): It shall be either fully settled in one year or renewed annually upon satisfactory performance. Overdraft can be available for all purposes (except clearly stated speculative transactions)
-Privilege Term Loan (PTL): It shall be repaid within a predetermined period in multiple installments.
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