|
Loans and Advances
1. Business Cash Credit
|
PURPOSE |
LIMIT |
PERIOD |
SECURITY |
SLAB |
INT.RATE |
|
For meeting Working Capital/ Block Capital requirements of Traders, Contractors, units run by Self Employed Persons |
25 Lakhs |
12 Months (can be renewed from time to time) |
Property |
Up to Rs.50,000/- |
12% |
|
Rs. 50001 to Rs 2 Lakhs |
13% |
|
Above Rs. 2 Lakhs |
14% |
2. Car Loan
|
PURPOSE |
LIMIT |
PERIOD |
SECURITY |
INT.RATE |
|
Purchase of New Car (EMI) |
Rs. 3 Lakhs |
174 months |
Hypothecation and Personal Sureties or Property |
12.5% |
3. Consumer Loan
|
PURPOSE |
LIMIT |
PERIOD |
SECURITY |
INT.RATE |
|
For Purchase of Consumer Durables, Computer, Home appliance. |
Rs. 50,000/- |
60 Months |
Hypothecation and Personal Sureties |
12% |
4. Gold Loan
|
PURPOSE |
LIMIT |
PERIOD |
SECURITY |
INT.RATE |
|
|
Rs. 25 Lakhs |
12 Months |
Gold |
9% |
5. Gold Loan Overdraft
|
PURPOSE |
LIMIT |
PERIOD |
SECURITY |
INT.RATE |
|
|
Rs. 10 Lakhs |
36 Months |
Gold |
11% |
6. Swarna Nidhi Pledge Loan/OD
|
PURPOSE |
LIMIT |
PERIOD |
SECURITY |
INT.RATE |
|
For purchasing gold coins and ornaments. |
Rs. 10 Lakhs |
18 years |
Gold |
10% |
7. Swarna Nidhi Bridge loan
|
PURPOSE |
LIMIT |
PERIOD |
SECURITY |
SLAB |
INT.RATE |
|
For purchasing gold ornaments |
10Lakhs |
18 Years |
Personal Sureties or Property (Above 3Lakhs accept only Property security) |
Up to Rs.50,000/- |
12% |
|
Rs. 50001 to Rs 2 Lakhs |
13% |
|
Above Rs. 2 Lakhs |
14% |
8. House construction Loan
|
PURPOSE |
LIMIT |
PERIOD |
SECURITY |
SLAB |
INT.RATE |
|
For construction of residential buildings
(EMI) |
15Lakhs |
21 Years |
Land and proposed house+ personnel guarantee. |
Up to Rs.2 lakhs/- |
10% |
|
Rs. 2,00,001 to Rs. 4 Lakhs |
11% |
|
Above 4 Lakhs |
12% |
9.House Purchase Loan
|
PURPOSE |
LIMIT |
PERIOD |
SECURITY |
SLAB |
INT.RATE |
|
For purchase of residential buildings
(EMI) |
25Lakhs |
20 Years |
Hypothecation and Property) |
Up to Rs.2 lakhs/- |
10% |
|
Rs. 2,00,001 to Rs. 4 Lakhs |
11% |
|
Above 4 Lakhs |
12% |
10. House Loan for Society Employees
|
PURPOSE |
LIMIT |
PERIOD |
SECURITY |
SLAB |
INT.RATE |
|
For purchase/Construction of residential buildings
(EMI) |
5Lakhs |
15 Years |
Hypothecation and Property) |
Up to Rs.2 lakhs/- |
9.5% |
|
Rs. 2,00,001 to Rs. 4 Lakhs |
10.5% |
|
Above 4 Lakhs |
11.5% |
11. Overdraft to Employees of Societies (RD Linked)
|
PURPOSE |
LIMIT |
PERIOD |
SECURITY |
INT.RATE |
|
|
1Lakh |
60 Months |
Personal sureties of Employees |
11% |
12. Overdraft to Members of Employees Societies
|
PURPOSE |
LIMIT |
PERIOD |
SECURITY |
INT.RATE |
|
|
2Lakhs |
Limited to before 1 year of retirement |
Personal sureties of Employees |
9.5% |
13. Overdraft to Employees of Schools, Public/ Private Undertakings
|
PURPOSE |
LIMIT |
PERIOD |
SECURITY |
SLAB |
INT. RATE |
|
|
2Lakhs |
60 Months |
Personal sureties of Employees |
Up to Rs.50,000/- |
12% |
|
Rs. 50001 to Rs 2 Lakhs |
13% |
|
Above Rs. 2 Lakhs |
14% |
14. Interest Free Loan
|
PURPOSE |
LIMIT |
PERIOD |
SECURITY |
INT.RATE |
|
For medical treatment (Referral Cases only) |
1Lakh |
100 Months |
Property/Personal sureties |
Nil |
15 . Loan against NSC
|
PURPOSE |
LIMIT |
PERIOD |
SECURITY |
INT.RATE |
|
|
2Lakhs |
6Years or maturity date of NSC whichever is earlier |
NSC |
13% |
16. Loan against KVP
|
PURPOSE |
LIMIT |
PERIOD |
SECURITY |
INT.RATE |
|
|
Rs.10000/- |
6Years or maturity date of KVP whichever is earlier |
KVP |
13% |
17. Loan against LIC
|
PURPOSE |
LIMIT |
PERIOD |
SECURITY |
INT.RATE |
|
|
70% of the Surrender value |
Remaining period of policy |
LIC policy |
13% |
18. Loan on the Security of Rent
|
PURPOSE |
LIMIT |
PERIOD |
SECURITY |
SLAB |
INT.RATE |
|
|
10 Lakhs |
60 Months |
Property |
Up to Rs.50,000/- |
12% |
|
Rs. 50001 to Rs 2 Lakhs |
13% |
|
Above Rs. 2 Lakhs |
14% |
19. Margin Money Loan
|
PURPOSE |
LIMIT |
PERIOD |
SECURITY |
INT.RATE |
|
For starting projects approved by Khadi Board |
10 Lakhs |
60 Months |
Hypothecation and Property |
14% |
20.Ordinary Loan
|
PURPOSE |
LIMIT |
PERIOD |
SECURITY |
SLAB |
INT.RATE |
|
For Medical Treatment, Education, Clearance of previous debt, marriage. |
2 Lakhs |
100 Months |
Property or salaried Sureties |
Up to Rs.50,000/- |
12% |
21. Ordinary Loan (Cheque System)
|
PURPOSE |
LIMIT |
PERIOD |
SECURITY |
SLAB |
INT.RATE |
|
For purchasing Consumer Articles, Computer, Vehicle, Marriage, Treatment, House Repair etc |
5 Lakhs |
60 Months |
1 salaried person and 20 cheque leaves |
Up to Rs.50,000/- |
12% |
|
Rs. 50001 to Rs 2 Lakhs |
13% |
|
Above Rs. 2 Lakhs |
14% |
22. Ordinary Loan (Marriage)
|
PURPOSE |
LIMIT |
PERIOD |
SECURITY |
INT.RATE |
|
For Marriage |
2 Lakhs |
100 Months |
Property or salaried Sureties |
11.5% |
23. Professional Education Loan
|
PURPOSE |
LIMIT |
PERIOD |
SECURITY |
INT.RATE |
|
For professional education |
25 Lakhs |
66 months after the completion of course |
property or salaried persons. |
11.5% |
24. Ordinary Loan (Traders)
|
PURPOSE |
LIMIT |
PERIOD |
SECURITY |
SLAB |
INT.RATE |
|
For small scale traders |
5 Lakhs |
60 Months |
Property or 2 traders surety |
Up to Rs1 lakh |
12.5% |
|
Above Rs. 1 Lakh |
13.5% |
25. OLT Overdraft (Traders)
|
PURPOSE |
LIMIT |
PERIOD |
SECURITY |
SLAB |
INT.RATE |
|
For contract/trade/business |
10 Lakhs |
100 Months |
Property or Salaried Persons |
Upto Rs.1 lakh |
12.5% |
|
Above Rs.1 lakh |
13.5% |
26. Project Loan
|
PURPOSE |
LIMIT |
PERIOD |
SECURITY |
INT.RATE |
|
For starting new Business/ Industry |
100 Lakhs |
84 Months |
Hypothecation and Property. |
14% |
27. Real Estate Loan
|
PURPOSE |
LIMIT |
PERIOD |
SECURITY |
INT.RATE |
|
For Construction/ Purchase of Flats, Shopping Complex, Purchase of Property etc |
100 Lakhs |
84 Months |
Hypothecation and Property. |
14% |
28. Self Employment Loan
|
PURPOSE |
LIMIT |
PERIOD |
SECURITY |
INT.RATE |
|
For starting Self Employment Ventures like Studio, Readymade garments, Photostat, Beauty Parlour, Catering Service etc |
5 Lakhs |
100 Months |
Hypothecation and Property. |
12.5% |
29. Vehicle Loan
|
PURPOSE |
LIMIT |
PERIOD |
SECURITY |
SLAB |
INT.RATE |
|
For Purchasingg Vehicles for Private/ Public use –New vehicle- |
25 Lakhs) |
60 Months |
Hypothecation and Property or salaried persons |
Up to Rs.50,000/- |
12% |
30.
|
PURPOSE |
LIMIT |
PERIOD |
SECURITY |
SLAB |
INT.RATE |
|
For Purchasingg Vehicles for Private/ Public use-Old vehicle |
5 Lakhs) |
60 Months |
Hypothecation and Property or salaried persons |
Up to Rs.50,000/- |
12% |
|
Rs. 50001 to Rs 2 Lakhs |
13% |
|
Above Rs. 2 Lakhs |
14% |
31. Builders/Industrial Loan
|
PURPOSE |
LIMIT |
PERIOD |
SECURITY |
INT.RATE |
|
For Construction/ Purchase of Flats, Shopping Complex, Purchase of Property etc |
10 crores. |
36 to 100 months |
Hypothecation and Property. |
14% |
32. Agricultural Project Loan
|
PURPOSE |
LIMIT |
PERIOD |
SECURITY |
INT.RATE |
|
Agricultural projects like, plantaion, rearing of cattle, poultry,piggery etc. |
5 Lakhs |
60 months |
Hypothecation and Property |
14% |
33. Property Loan
|
PURPOSE |
LIMIT |
PERIOD |
SECURITY |
INT.RATE |
|
|
10 Lakhs |
36 to 100 months |
Hypothecation and Property |
14% |
34. Purchase for solar equipments-Loan
|
PURPOSE |
LIMIT |
PERIOD |
SECURITY |
Slab |
Int.Rate |
|
|
2 lakhs |
60 Months |
Salaried persons or property |
Upto Rs.50000/- |
12% |
|
Rs.50000/-Above |
13% |
35. Over draft Individuals
|
PURPOSE |
LIMIT |
PERIOD |
SECURITY |
SLAB |
INT.RATE |
|
For meeting Working Capital/ Block Capital requirements of Traders, Contractors, units run by Self Employed Persons |
2Lakhs |
12 Months (can be renewed from time to time) |
Property OR Personal surety |
Up to Rs.50,000/- |
12% |
|
Rs. 50001 to Rs 2 Lakhs |
13% |
|
Above Rs. 2 Lakhs |
14% |
36. Loan for weaker section
|
PURPOSE |
LIMIT |
PERIOD |
SECURITY |
INT.RATE |
|
For self employment to weaker section |
Rs.10000/- |
36 months to 100 months |
Personal security |
9% |
An EMI/Non EMI calculator will be provided to calculate the interest/repayment amount. |