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1. CONSUMER LOAN |
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Purpose |
For House hold items |
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Max. Loan Amount |
Rs. 2,00,000/- |
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Margin Money |
25%, 10% (in group cases) , 15% (in case of Employees*) |
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Interest Rate |
12.50% , 10.5% p.a. (in case of Employees*) |
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Insurance |
In case of vehicle. |
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Repayment Period |
5 years on monthly basis |
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Security i) Salaried
ii) Non Salaried |
Guarantee of 1 person + Advance cheque/ Authority letter/ Employer acceptance letter. Guarantee of 1 person + Collateral Security i.e. N.S.C. / F.D.R. / guarantee of seprate 1 person having capacity to repay the loan and Advance Cheques |
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2. HOUSE LOAN |
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Purpose |
For purchases/construction of Houses, Modernisation |
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Max. Loan Amount |
Rs. 30.00 lacs |
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Margin Money |
20.0% up to Rs. 25,000 |
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Interest Rate |
Up to 5 years |
Above 5years |
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Up to 2.00 lacs |
9.50% |
10.00% |
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Above 2.00 lacs |
10.00% |
10.50% |
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| @ 10.5% (in case of Employees*) | |||
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Insurance |
Insurance of house |
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Repayment Period |
15 years on monthly basis including moratorium up to 18 months |
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Security:- i) Salaried ii) Non Salaried |
Mortgage of assets + Letter of Employer /Advance Cheques Mortgage of assets/ Advance Cheques |
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3. C.C. AGAINST COLLATERAL SECURITY |
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Purpose |
For business |
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Max. Loan Amount |
Rs. 25.00 lacs |
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Margin Money |
Pledge 25% |
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Interest Rate |
13.00% up to Rs. 2.00 lacs 13.50% above Rs.2.00 lacs |
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Insurance |
Insurance of stock. |
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Repayment Period |
1 year |
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Security |
Security of 1 person + security in the form of fixed asset, NSC, FDR etc. |
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4. LOAN AGAINST PLEDGE OF ORNAMENTS |
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Purpose |
Loan on pledge of gold/ silver ornament for personal uses. |
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Max. Loan Amount |
Rs. 1.00 lac |
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Margin Money |
40.0%, 15% (in case of Employees*) |
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Interest Rate |
12.50% For SC/ST/SF, 13.00% For others , 10.5% (in case of Employees*)
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Insurance |
Insurance of ornaments |
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Repayment Period |
12 months |
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Security |
Pledge of ornaments |
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5. PROJECT LOAN |
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Purpose |
Project development |
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Max. Loan Amount |
Rs. 25.00 lacs inclusive of working capital |
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Margin Money |
25.0% – 40.0% (Risk basis) |
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Interest Rate |
13.50% |
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Insurance |
Mortgage of asset & machinery |
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Repayment Period |
7 years including 12-18 months moratorium period |
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Security |
Security of 1 person + Collateral security |
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6. PERSONAL LOAN |
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Purpose |
Personal use i.e. Marriage, Travels & other purposes etc. |
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Max. Loan Amount |
Rs. 1.00 lacs |
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Margin Money |
Nil |
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Interest Rate |
13.50%, 10.5% (in case of Employees*) |
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Insurance |
Not required |
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Repayment Period |
5 years on monthly basis |
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Security |
Guarantee of 1 person, Letter of Authority/ Employer Acceptance and Advance Cheques |
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7. EDUCATIONAL LOAN |
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Purpose |
Loan for pursuing higher education for 2 students in a family on the basis of repaying capacity i.e. Engineering, Medical and Master degree courses etc. |
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Max. Loan Amount |
Rs. 3.00 lacs |
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Margin Money |
20%, 15% (in case of Employees*) |
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Interest Rate |
13%, 10.5% (in case of Employees*) |
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Repayment Period |
Maximum 5 years on monthly basis. |
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Security |
Guarantee of 1 person, Collateral Security or NSC, FDR etc. |
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| 8. UTSAVA LOAN | |||
| Purpose | For Festival Purposes. | ||
| Max. Loan Amount | Rs. 1.00 Lacs | ||
| Margin Money | 20% , 15% (in case of Employees*) | ||
| Interest Rate | 13.50%, 10.5% (in case of Employees*) | ||
| Repayment Period | 60 Month | ||
| Security | 1. Guarantee of 1 Person, | ||
| 2. Letter Of Authority OR Employer Undertaking. | |||
| 3. 36 Advance Cheques. | |||
