Loans & Advances

Subject

Particular

Purpose

For purchase of new T.V. Fridge, or Home Appliance

Eligibility

 For  General People

Loan Amount

75% of Quotation Price of Goods

Margin       

25% of  Quotation Price

Repayment Period

Maximum 36 months

Rate of interest

13.00% P.A at monthly rest (Subject to change at the discretion of Bank)

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 2.5 % of the loan amount sanctioned.
.

Guarantee

One guarantor possessing property and also Income tax-payer

Security

 By Hypothecation particular Goods.

Subject

Particulars

Purpose

For Working Capital of Business

Eligibility

For Business, Trade

Loan Amount

70% of  Stock Value

Margin

30% of Stock Value

Repayment Period

Upto Three year

Rate of interest

13.00% P.A at monthly

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2.5% of the loan amount sanctioned

Guarantee

One guarantor possessing property and also Income tax-payer

Security

Hypothecation of Goods and collateral security in Form of mortgage of immovable properties

Subject

Particular

Purpose

For Business and Social purpose.

Eligibility

 For  Traders, professionals, General People

Loan Amount

85% of Bank own Fixed Deposit, Recurring Deposit and 60% of KVP / NSC Certificate principal amount.

Margin       

15% of  Bank own Fixed Deposit ,Recurring Deposit and 40 % of KVP / NSC Certificate

Repayment Period

Till maturity  Date of  FDR or Recurring Deposit or KVP / NSC certificate

Rate of interest

2.00% excess of FDR / RD interest rate and 13 % in case of KVP / NSC Certificate.

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 Nil

Guarantee

Bank FDR / RD / NSC / KVP Certificate

Security

By pledge of particular Security like FDR/RD/NSC/KVP