1.
CONSUMER
LOAN |
Purpose |
For House hold items |
Max. Loan Amount |
Rs. 60,000/- |
Margin Money |
25%, 10% (in group cases) ,
15% (in case of Employees*) |
Interest Rate
|
12.50% ,
9.5% p.a. (in case of
Employees*) |
Insurance |
In case of vehicle. |
Repayment Period |
5 years on monthly basis |
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. and Advance Cheques |
2.
VEHICLE LOAN
Top |
Purpose |
For personal use and Commercial
use |
Max. Loan Amount |
Light- Rs.5.00 lacs
(Personal)
Heavy-Rs.10.00 lacs (Commercial) |
Margin Money |
15.0% & 25.0%
, 15% (in case of Employees*) |
Interest Rate
|
12.0%,
9.5% p.a. (in case of Employees*) |
Insurance |
Insurance of vehicle. |
Repayment Period |
5 years on monthly basis |
Security:-
i) Salaried
ii) Non Salaried |
Guarantee of 1 person + Employer acceptance letter
/authority letter/Advance Cheques
Guarantee of 1 person + Collateral Security i.e. N.S.C.
/ F.D.R./Advance Cheques |
3.
HOUSE LOAN
Top |
Purpose |
For purchases/construction
of Houses, Modernisation |
Max. Loan Amount |
Rs. 15.00 lacs |
Margin Money |
20.0% up to
Rs. 25,000
25.0% up to Rs. 50,000
30.0% above Rs. 50,000 |
Interest Rate
|
|
Up to 5 years |
Above 5years |
|
Up to 2.00 lacs |
9.50% |
10.00% |
Above 2.00 lacs |
10.00% |
10.50% |
|
@
9.5% (in case of Employees*) |
Insurance |
Insurance of house |
Repayment Period |
15 years on monthly basis
including moratorium up to 18 months |
Security:-
i) Salaried
ii) Non Salaried |
Mortgage of assets + Letter of Employer /Advance
Cheques
Mortgage of assets/ Advance Cheques |
4.
C.C. AGAINST COLLATERAL
SECURITY
Top |
Purpose |
For business |
Max. Loan Amount |
Rs. 25.00 lacs |
Margin Money |
Pledge
25%
Hypothecation
40% |
Interest Rate
|
13.00% up to Rs. 2.00 lacs
13.50% above Rs.2.00 lacs |
Insurance |
Insurance of stock. |
Repayment Period |
1 year |
Security |
Security of 1 person + security
in the form of fixed asset, NSC, FDR etc. |
5.
LOAN AGAINST PLEDGE
OF ORNAMENTS |
Purpose |
Loan on pledge of gold/
silver ornament for personal uses. |
Max. Loan Amount |
Rs. 1.00 lac |
Margin Money |
40.0%,
15% (in case of Employees*) |
Interest Rate
|
12.50% For SC/ST/SF,
13.00% For others , 9.5%
(in case of Employees*) |
Insurance |
Insurance of ornaments |
Repayment Period |
12 months |
Security |
Pledge of ornaments |
6.
PROJECT
LOAN
Top |
Purpose |
Project development |
Max. Loan Amount |
Rs. 25.00 lacs inclusive
of working capital |
Margin Money |
25.0% - 40.0%
(Risk basis) |
Interest Rate
|
13.50% |
Insurance |
Mortgage of asset &
machinery |
Repayment Period |
7 years including 12-18
months moratorium period |
Security |
Security of 1 person + Collateral
security |
7.
PERSONAL LOAN
Top |
Purpose |
Personal use i.e. Marriage,
Travels & other purposes etc. |
Max. Loan Amount |
Rs. 1.00 lacs |
Margin Money |
Nil |
Interest Rate
|
13.50%,
9.5% (in case of Employees*) |
Insurance |
Not required |
Repayment Period |
5 years on monthly basis |
Security |
Guarantee of 1 person, Letter
of Authority/ Employer Acceptance /Advance Cheques |
8.
MORTGAGE LOAN
Top |
Purpose |
Personal use i.e. Marriage,
Travels & other purposes etc. |
Max. Loan Amount |
Rs. 25.00 lacs, subject
to 50.0% of value of fixed assets. |
Interest Rate
|
12.50%,
9.5% (in case of Employees*) |
Insurance |
Mortgage of assets
Excluding
land properties. |
Repayment Period |
10
years on monthly basis |
Security |
Mortgage of assets + Advance
cheques |
9.
TRAVELS LOAN
Top |
Purpose |
For Traveling purposes |
Max. Loan Amount |
Rs. 1.00 lacs |
Margin Money |
20.0%,
15% (in case of Employees*) |
Interest Rate
|
13.50%,
9.5% (in case of Employees*) |
Insurance |
Not required |
Repayment Period |
3 years |
Security |
Guarantee of 2 person ,
Advance Cheques, Letter of Authority/ Employer acceptance. |
10.
EDUCATIONAL LOAN
Top |
Purpose |
Loan for pursuing higher
education for 2 students in a family i.e. Engineering,
Medical and Master degree courses etc. |
Max. Loan Amount |
Rs. 3.00 lacs |
Margin Money |
20%,
15% (in case of Employees*) |
Interest Rate
|
13%,
9.5% (in case of Employees*) |
Repayment Period |
Maximum 5 years on monthly
basis. |
Security |
Guarantee of 1 person, Collateral
Security or NSC, FDR etc. |
| 11.
UTSAVA LOAN |
| Purpose |
For Festival Purposes. |
| Max. Loan Amount |
Rs. 1.00 Lacs |
| Margin Money |
20% Of The Proposal
, 15% (in case of Employees*) |
| Interest Rate |
13.50%,
9.5% (in case of Employees*) |
| Repayment Period |
36 Month |
| Security |
1. Guarantee
of 2 Person, |
| |
2. Letter Of Authority OR Employer Undertaking. |
| |
3. 36 Advance Cheques. |
|
12.
MEDICAL
TREATMENT LOAN
|
| Purpose |
For
Medical Treatment & Expenses of Critical
illness |
| Max. Loan Amount |
Rs. 1.00 Lacs |
| Margin Money |
NIL |
| Interest Rate |
13.50%,
9.5% (in case of Employees*) |
| Loan Period |
60 Months |
| Repayment Period |
60 Months |
| Security |
As
below. |
| For
Salaried Persons |
Guarantee of
one person, Employer Letter of authority OR Acceptance
Letter and Advance Cheques. |
| Non Salaried Person |
Collateral Security of 2
times value of loan in form of fixed assets OR lien of
1.5 times value of loan amount in form of FDR/NSC/Surrender
Value of Insurance Policy. |
| Insurance |
Not Required |
