HAL Employees Welfare Fund
Special Loans
Special Loans of Rs.2,000/- has been enhanced to Rs.5,000/-, which will be recovered under 5 equal installments (i.e. Rs.1,000/- Principal per month along with interest).
EWF Death Insurance scheme has been introduced for the benefits of deceased members who have availed Special Loan during the service, and the amounts is Rs.100/- per loan of Rs.5,000/-.
Terms and Conditions for Availing Special Loan
- Members who have already availed Special Loan can also renew their loan by closing the existing loan account.
- Members having minimum of 10 months of service are eligible to avail the above said loan.
- The Borrower has to submit self-attested copy of the latest Pay slip, HAL Identity Badge & duly filled application along with his/her thumb Impressions on all the documents while applying for the loan.
- Service charge of Rs.20/- (Rupees twenty only) for Special loan is to be paid during the avail of loan amount.
- 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.
