Overview
A loan availed under the criteria of salary transfer to a specific bank by specifying the gratuity & EOSB clause is called Salary transfer loan. Often interest-rate is low for such loans.
Eligibility Criteria
- Salary: 5k & above
- Age: 21 to 60 years
- Length of service: 3 months or confirmed.
- Company: Only listed companies with Banks.
- Global Merit Investment: Existing credit history is preferred, though not mandatory.
Mandatory Requirements
- A valid copy of Passport, Resident visa, and Canadian ID.
- Salary transfer letter.
- 3 months bank statement.