Eligibility

• Primary: Hypothecation of article financed .
• Collateral: Third party Guarantee of one person.

Rate of Interest(subject to change)

• 15.50%

• Nil

• 60 months

• 25 %

• Disbursed in cash
• No questions asked about its end-use.
• Revolving type facility, as full limit can be restored on request of the borrower subject to the following:-
  • Outstanding balance reduced to below 40% of the loan amount.
  • At the time of reinstatement of the limit, applicant must have sufficient remaining years of service so that loan is repaid within the borrowers remaining years of service.
  • Fresh D.P Note for full amount of loan.
  • Borrower has not had more than two installments in arrears on any point of time during currency of loan.
  • Borrower shall have to furnish an undertaking from drawing and disbursing officer for intimating the bank about their transfer and noting that outstanding from the bank and the monthly installment obligation in their LPC forwarded to the next drawing and disbursing authority.

• Permanent employees of State, Central Government, autonomous bodies, corporates, public & private sector undertakings having minimum of 3 years confirmed service.

• 30 months gross salary or Rs 7.00 lacs whichever is less.

• Nil

• 84 monthly installments or remaining period of service whichever is lower.

• 15.50%.

• Disbursed in cash
• No questions asked about its end-use.

• Central and state government pensioners drawing pension through the bank.

• Maximum Rs30000/- or nine months pension, whichever is lower, for pensioners below the age of 65 years.
• Maximum Rs.20,000/- for pensioners above 65 years of age or equivalent to six months pension whichever is lower.

• Nil

• Guarantee of spouse eligible for family pension or of any other family member or a third party guarantee which is considered good for the amount of advance.

• PLR + 1%.

• 24 equal monthly installments

• To provide hassle free working capital finance to the borrowers.

• Cash Credit
• Overdraft.

• Retail and wholesale traders and other business enterprises, with a satisfactory track record of 3 years.

• Primary Hypothecation of stocks and book-debts
• Collateral Mortgage of Unencumbered residential house/flat, commercial or industrial property with a clear marketable title in the name and possession of the borrower/Proprietor/ Partner/s/Director/s either self occupied or vacant.

• PLR +1% with monthly rests

• An ideal product handy to individuals/business enterprises/professionals and self-employed as a source of funds for expenditures of any nature provided they have a minimum service/standing of three years.

• Term Loan

• Minimum: Rs.0.50 lacs Maximum: Rs.50.00 lacs or 30 times net monthly income whichever is lower.

• Nil

• Mortgage of the unencumbered residential house/flat, commercial or Industrial property with a clear marketable title in the name and possession of borrower/proprietor or partner/s/Director/s either self occupied or vacant with a security cover of 1.5 times the amount of loan.

• 60 months.