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SMS Alert facility will be provided to all the customers from 01.04.2014.

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Farmers Club

Farmers club helps farmers for their growth.
Self Help Group

Loans are sanctioned instanteneouly for Self Help group of women at 4% interest rate.

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Retail Finance

Bank provides various various loans to the depositors of bank. The paraticulars of the various loan schemes as under-


 

A. Home loans & Vehicle Loans to Businessman

1. Maximum loan amount Rs. 25 Lakh
2. Rate of Interest 12.50%
3. Repayment Period : 15 Years for Home Loan and 7 years for vehicle Loan with monthly installment
4. Two Guarantors required of which first must be Govt. Employee/Semi-Govt. Employee/Local Co-operative Society Employee, while the second guarantor must be businessman having taxable income.
5. Applicant must provide Income Tax returns for last 3 years
6. For availing this loan, property with clear title, worth twice the loan amount must be mortgaged.

B. Home loans & Vehicle Loans to Salary Earner persons

1. Maximum loan amount Rs. 25 Lakh
2. Rate of Interest 12.50%
3. Repayment Period : 15 Years for Home Loan and 7 years for Car Loan with monthly installment
4. Applicant must have a permanent job for at least 3 years and his remaining service must be at least 5 years.

C. Vehicle loans to Common customer

1. Maximum loan amount Rs. 5 Lakh or 80% of the quotation
2. Rate of Interest 13 %
3. Repayment Period:  7 years Loan with monthly installment
4. Two Guarantors required of which first must be Govt. Employee/Semi-Govt. Employee/Local Co-operative Society Employee, while the second guarantor must be businessman having taxable income.
5. Applicant must his or any of his family members property with clear title by registered mortgaged deed.

D. Common loan Scheme


Cash Credit Loans for small businessmen & Medium Term loan for purchasing household appliances or household purpose
1. Maximum loan amount Rs. 1 Lakh
2. Rate of Interest 13 %
3. Repayment Period for Cash Credit is 1 year and for Medium Term is 5 years with monthly installment
4. Applicant must provide his or any of his family members property with clear title by registered mortgaged deed.
5. Applicant must provide his papers related to his financial status and reason for required loan.






 

 

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