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General condition for guarantor applicable to all the eligible employee
|Sl. No||Eligible Borrower||Guarantor requirement|
|1||Regular employees||1. e-PEMSA guarantor is not required. |
2. Non-e-PEMS (EMI remitted from the office) A guarantor is not required if the applicant is in service for more than 3 years including the probation period.The guarantor is required if the applicant is less than 3 years in service. The guarantor should be equal or higher grade from the same office/Ministry. For senior officials and executive officials who cannot provide guarantors of the same grade from the same organization/ministry shall provide guarantors of one or two grades lower from the same organization/ministry.
|2||Contract employees||All the borrowers are required to provideTPG of the same or higher grade from the same agency or equivalent position from the Civil Service/DHI owned Companies/SOEs.For senior officials and executive officials who cannot provide guarantors of the same grade from the same organization/ministry shall provide guarantors of one or two grades lower from the same organization/ministry.|
|3||Private employee||All the borrowers are required to provide an employer guarantee or TPG from a civil service/DHI-owned Companies/SOEs. However, the private company should be in operation for more than 5 years.|
Maximum of Nu. 100,000.00 (One Hundred Thousand only).
Maximum five (5) years.