HAL Employees Welfare Fund

C.C.S Loans

CCS Loan of Rs.40,000/- has been enhanced to Rs.50,000/-, which will be recovered under 25 equal installments (i.e. Rs.2,000/- Principal per month along with reducing balance interest).

EWF Death Insurance scheme continues for the benefits of deceased members who have availed CCS Loan during the service, and the amounts has been revised to Rs.350/- per loan of Rs.50,000/-.

Terms and Conditions for Availing C.C.S Loan

  1. Members having minimum of 30 months of service are eligible to avail the above said loan.
  2. The Borrower and the Guarantor/ Surety both have to submit self-attested copy of the latest Pay slip, HAL Identity Badge, Pan Card & duly filled application along with their thumb Impressions on all the documents while applying for the loan.
  3. A Member can stand Guarantor/ Surety for one Applicant/Application only.
  4. Members having a minimum of 36 months of service are eligible to stand as Guarantor/Surety.
  5. Service charge of Rs.50/- (Rupees fifty only) for CCS loan is to be paid during the avail of loan amount.
  6. If the loan installments are not recovered continuously for 3 months from the applicant, then the same will be recovered from the salary of Guarantor/Surety.
  7. Members who have defaulted in repayment of any loan arranged by EWF are not eligible for the CCS Loan.
  8. If the take home salary of the member is less than 25% of his/her gross salary, he/she shall not be eligible for the CCS loan.
  9. The sanctioned loan will be issued on Vijaya Bank cheques, however the same may be encashed at Marathahalli, HAL 3rd Stage, Domlur & Shanthi Nagar Branches of Vijaya Bank. The cheque can also be remitted to applicants account for clearance.