• Skip to main content
  • Skip to secondary menu
  • Skip to primary sidebar
  • Skip to footer
  • HOME
  • DoPT
  • MACP
  • OROP
  • CSD

CENTRAL GOVERNMENT EMPLOYEES NEWS

All about Central Government Employees News. Get the central govt employees latest news, DoPT Orders, 7th Pay Commission, DA Hike, latest notification for pensioners, MACP latest order, da for central government employees, and more.

  • 7th CPC
  • Railways
  • Pension
    • Retirement Age
  • Expected DA
    • Dearness Allowance
    • Dearness Relief
  • Defence
    • CGDA
  • EPFO
    • Employees News
      • KV School
      • Promotion
      • Maternity Leave
      • Reservation
      • LTC
    • ESIC
  • CGHS
  • MACP
  • Postal Dept
You are here: Home / BSNL / Terms & Conditions of Loan Schemes by Oriental Bank of Commerce to BSNL workers

CENTRAL GOVERNMENT HOLIDAYS IN 2025

2% DA Hike Order for Central Government Employees wef 1st Jan 2025 PDF
CGHS Updated Rate Card PDF Download
Latest List of KV Schools in India
7th Pay Commission Latest News 2025
MACP for the Central Government Employees

Terms & Conditions of Loan Schemes by Oriental Bank of Commerce to BSNL workers

June 20, 2013 by admin Leave a Comment

Terms & Conditions of Loan Schemes by Oriental Bank of Commerce to BSNL workers

 

VARIOUS LOAN SCHEMES TO BSNL EMPLOYEE BY ORIENTAL BANK OF COMMERCE

CUSTOMIZED RETAIL CREDIT SCHEME FOR BSNL EMPLOYEES
GENERAL TERMS & CONDITIONS

The various kinds of loans along with the general terms and conditions, are mentioned below:

Loan
Purpose
Maximum Loan Ceilings
Margin
Eligible Loan Amount
No. of Installments (EMI)
Eligibility
Housing
Purchase of plot, purchase of flat from Housing Board / Development agency / Private builders / construction of house / repairs / renovation / addition / alteration of house / flat
Max. Rs. 40.00 lacs for purchase of flat I construction / addition etc. For purchase of plot,50% of the eligible Loan amount. & Rs. 10.0 lacs for renovation.
Upto Rs. 20 lacs – 15% ,
Above Rs. 20 Lacs – 25%
60 times of gross
salary
300 EMIs for construction/ purchase of Home / Flat / Plot & 120 EMIs for Renovation
Employees in
regular service

Car

Purchase of motor Car (new / used)
90% of cost Subject to Max. Rs.10 lacs for New Cars & Rs 7.5 lacs for old cars
New Car: 10% & 30% (old car)
30 times of gross salary
84 EMI for new cars, For Old Cars 60 EMIs (If car 3 years old) & 36 EMIs (If the car is 5 years old)
Minimum Gross pay – Rs.10,000/- per month with 1 year of confirmed service
Two wheelers
Purchase of scooter/motor cycle/moped
 90% of cost including registration,  insurance, etc. subject to maximum Rs 2.0 lacs
10%
30 times of gross salary
Max 60 installments
Minimum Gross Salary – Rs.6000 /- pm & 1 year of confirmed service
Education Loan
To finance the study of family members in India and abroad
 Rs. 10.00 lacs for studying in India & Rs 20.00 lacs for studying abroad.  Rs 20.00 lacs for studying in IIMS,IITS, XLRIs and ISBs. (Collateral Free)
Up to Rs. 4.00 lacs – NIL Above 4 lacs – 5% (India) & 15% (abroad) 5% (IIMs,IITs , XLRIS and ISBs.)
As per fee component of the institute includes moratorium period i.e. study period & Grace Period
120 EMIs (up to 7.5 lacs) &. 180 EMIs (above Rs 7.5 lacs) Repayment Period
Confirmed admission to Govt.’/ Regulatory (AICTE/UGC etc.) approved institutes
Personal loan
Any miscellaneous requirement / contingency except for speculation
A) Rs.l.50 Lac. B) Rs 5.0 lacs if salary a/c is with Bank
NA
A) Upto 15 months net take home salary, subject to maximum of Rs.1.50 Lac.
B) Upto 20 months net take home salary, subjec to max of Rs 3.0 lacs, if salary a/c is with Bank
C) Up to 15 months net take home salary, subject to maximum of Loans above Rs 3.00 lacs and up to Rs 5.00 Lacs,  if salary a/c is with Bank
60 EMI (subject to remaining period of service)
1. Permanent and regular employees of BSNL
2. Minimum 3 years of service, including service with the previous employer (s), Govt., if any.
Natural Calamity Loan
To the affected employees of BSNL in natural calamities areas
The Bank shall immediately devise suitable scheme if the unfortunate need so arises, taking into account the specific circumstances of the calamity, in the affected area.
 Notes:
  1. The recovery of housing loan will start not later than 18 months from the date of first disbursement or immediately from the next month after completion of the house/flat, whichever is earlier.
  2.       The recovery of education loan will start 12 months after completion of the course or 6 months after getting the job whichever is earlier, for the child whose studies have been financed through loan.
  3.     Loanees can fore-close the loan account without any foreclosure charges.
  4.     The interest will be charged on reducing balances of loan on day-to-day basis.
  5.     No processing charges will be levied by bank.
  6.     Amount of the loan will be as per eligibility and maximum loan ceiling as detailed above. However, the bank can give loan for a lesser amount also at its own discretion.
  7.     Borrowing capacity of the borrower shall be considered at the time of the sanction of the loan.
  8.     Employees desiring to avail loans will furnish their Employee / PF No. duly certified by their Staff Department.

Interest Rates for Various Retail Credit Loans

As a special gesture, the Bank has allowed a concession of 0.50% on its card interest rates in all brackets and schemes (excl. Personal Loan Scheme which is already customized for BSNL employees); and the final rates (Related to Base Rate System) for BSNL Employees are as under:

S. No. Loan Rates of Customized Scheme for BSNL Employees Floating rate of Interest*
(Present Base Rate is 10.25% w.e.f.25.02.2013)
1. Housing Up to Rs 30.00 lacs
BR= 10.25%
Above Rs 30.00 Lacs – Rs. 75.00 Lacs
10.25% (Repayment up to 25 years)
Above Rs 75.00 Lacs – Rs. 03.00 Crores
10.50% (Repayment up to 25 years)
2. Car Up to 3 Years –
10.35% (New Car)
12.75% (Old Car)
More than 3 Yrs and up to 7 Yrs-
10.60% (New Car)
3. Two wheeler  Up to 3 Years – 10.35%
More than 3 Years – 10.60%
4 Personal 12.75%
5 Education Up to Rs.4.00 lacs 12.25%
Rs 4 lacs – Rs 7.5 Lacs 12.75%
Above Rs 7.5 Lacs 12.25%
Scheme for Students of IITs,IIMs, XLRIs & ISBs 10.25%
*Special concession of 0.5% to girl students SC /ST / Disabled and special scheme for students of IITs, IIMs, XLRIs & ISBs offering collateral free loans at Base Rate i.e. 10.25%
6. Natural calamity loan The Bank shall immediately devise suitable scheme if the unfortunate need so arises, taking into account the specific circumstances of the calamity. in the affected area.

*Floating rate of interest will change as per the changes in the Base rate of the Bank, i.e., increase or decrease in the interest rate by the same basis points as in the base rate of the Bank. However in any case, the proposed rate of interest shall not fall below the Base Rate of the Bank.  Most of the loans are in Branch Managers’ powers and will not take any significant time after fulfillment of the documents / formalities.

Filed Under: BSNL Tagged With: BSNL, Central Government Employees News, interest rate, loan advances

Reader Interactions

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *


Latest DoPT Orders 2025


CENTRAL GOVT HOLIDAY LIST 2025

Indian Railway Holiday List 2025 PDF | Postal Holidays List 2025 India Post | Bank Holidays List 2025 India | LIC Office Holiday List 2025 PDF Download | EPFO Holiday List 2025 PDF Download | ESIC Holiday List 2025 PDF Download | CGHS Holiday Calendar List 2025 | Post Office Holidays 2025 | Railway Holidays CG Office Holidays 2025 |

Primary Sidebar

Important Central Government Employees Orders

  • MACP Scheme
  • 7th Pay Commission Revised Pay Matrix Table for Central Government Employees – Pay Matrix Level 12
  • Latest CSD Canteen Price List
  • CSD Latest Price List of Samsung Electronics items
  • Latest CSD Military Canteen Products List
  • CSD - Eligibility to buy cars
  • FAQ - Central Government Employees - CCS
  • FAQ - Indian Air Force Pensioners
  • FAQ - About NPS

Archives – CG News

Categories

  • 6CPC (177)
  • 7CPC (2,063)
  • 8th Pay Commission (24)
  • Additional DA (5)
  • AICPIN (166)
  • Allowance (381)
  • Bonus (246)
  • BSNL (98)
  • CCS (199)
  • Central Government Jobs (180)
  • Central Govt Holiday Homes (6)
  • CGDA (124)
  • CGHS (493)
  • CPSE (74)
  • CSD (75)
  • CSS (117)
  • DA Over 50% (124)
  • Dearness Allowance (737)
  • Dearness Relief (105)
  • Defence (650)
  • Directorate of Estates (65)
  • DOPT Orders (1,539)
  • ECHS (19)
  • Employees News (2,507)
  • EPFO (229)
  • ESIC (30)
  • Expected DA (431)
  • expected da january 2020 (9)
  • Fin Min Order (5)
  • General news (2,012)
  • GFR (2)
  • GST (49)
  • Holidays (208)
  • HRA (88)
  • Income Tax (242)
  • IT Exemption (90)
  • KV School (315)
  • Latest News (1,311)
  • LDC-UDC (73)
  • Leave Rules (20)
  • Loan (16)
  • Lok Sabha Elections 2019 (15)
  • LTC (235)
  • MACP (262)
  • Maternity Leave (10)
  • NPS (127)
  • OROP (167)
  • Pension (1,351)
  • Postal Department (556)
  • Promotion (215)
  • Railways (1,668)
  • Rank Pay (57)
  • Reservation (109)
  • Retirement Age (187)
  • TDS (2)
  • Uncategorized (1)
  • Wages (1)

Recent Comments

  • hiwin on Post office bank IFSC code IPOS0000DOP
  • Narendra Bisht on Revision of Income limit for determining OBC Non-Creamy Layer
  • SHAM SUNDER on Guidelines and instructions in the case of Husband and Wife both working for Central Government
  • Kochurani Lawrence on Central Civil Services (Pension) Rules, 2021 Gazette Notification – DoPPW
  • Signal Control Room Guntakal on Unified Pension Scheme (UPS) FAQ 2025 – PFRDA NPS Guidelines & Clarifications

7th CPC DA Arrears Ready Reckoner Tables for all Level

  • 7th CPC DA Arrears Ready Reckoner Tables for Level-1 (GP 1800)

  • 7th CPC DA Arrears Ready Reckoner Tables for Level-2 (GP 1900)

  • 7th CPC DA Arrears Ready Reckoner Tables for Level-3 (GP 2000)

  • 7th CPC DA DA Arrears Ready Reckoner Tables for Level-4 (GP 2400)

  • 7th CPC DA DA Arrears Ready Reckoner Tables for Level-5 (GP 2800)

  • 7th CPC DA Arrears Ready Reckoner Tables for Level-6 (GP 4200)

  • 7th CPC DA Arrears Ready Reckoner Tables for Level-7 (GP 4600)

  • 7th CPC DA Arrears Ready Reckoner Tables for Level-8 (GP 4800)

  • 7th CPC DA Arrears Ready Reckoner Tables for Level-9 (GP 5400)

  • 7th CPC DA Arrears Ready Reckoner Tables for Level-10 (GP 5400)

  • 7th CPC DA Arrears Ready Reckoner Tables for Level-11 (GP 6600)

  • 7th CPC DA Arrears Ready Reckoner Tables for Level-12 (GP 7600)

  • 7th CPC DA Arrears Ready Reckoner Tables for Level-13 (GP 8900)

  • 7th CPC DA Arrears Ready Reckoner Tables for Level-13A (GP 8900)

  • 7th CPC DA Arrears Ready Reckoner Tables for Level-14 (GP 10000)

Pay Matrix Table for Air Force PBORs

7th Pay Commission Option Form Ready Reckoner For All Grade pay

Follow us on : facebook-central-government-news twitter-central-government-news pinterest-central-government-news

Footer

Central Government Employees News | Central Government News | Central Govt Employees News | Central Government Jobs & Orders | Central Government Latest News | central government employees news latest update | expected pay central govt employees | latest news macp central govt employees | Central govt employees news 7th pay commission

central government employees news

Latest Central Government Employees News

 

7th CPC | CGDA | CGHS | CPSE | CSD | CSS | Dearness Allowance | Dearness Relief | Defence | DOPT Orders |
EPFO | ESIC | Expected DA | GST | Holidays | HRA | Income Tax | KVS | Leave Rules | LTC | MACP |
Maternity Leave | NPS | OROP | Pension | Postal Department | Promotion | Railways | Rank Pay | Reservation | Retirement Age

Copyright © 2025 · Magazine Pro on Genesis Framework · WordPress · Log in