Hire Purchase Loan –Vehicle Loan
| Subject | Particulars |
| Purpose | (i)For Purchase of two wheeler, three wheeler, four wheeler and for Commercial vehicles |
| Eligibility | (i)Vehicle loan for salaried employees, Businessmen, professional self-employed, (II) Commercial Vehicle for business purpose. |
| Loan Amount | 80 % of Quotation of vehicles |
| Margin | 20% of quotation of vehicles |
| Repayment Period | • For Two Wheeler, Three Wheeler – Maximum 36 months • For Four Wheeler – Maximum 36 months. |
| Rate of Interest | 9.00 % P.A P.A Interest at monthly rest ( Subject to change at the discretion of Bank ) |
| Processing fee | NIL |
| Share linking | 2.5% of the amount sanctioned |
| Guarantee | Two guarantor Possessing property and also Income tax-payer |
| Security | Hypothecation of Vehicles |
Gold & Silver Ornament Loan
| Subject | Particulars |
| Purpose | For Allied to Agriculture and other Reason |
| Eligibility | Against Gold and Silver Ornaments |
| Loan Amount | 75 % of Valuation by Valuer of Bank |
| Margin | 25% of Valuation amount |
| Repayment Period | 1 Year |
| Rate of Interest | Upto 10,000 /- 13%
Above 10,001/- 13.5% P.A Interest at Half Yearly rest ( Subject to change at the discretion of Bank ) |
| Processing fee | NIL |
| Security | Gold and Silver Ornaments |
Open 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 | One year. |
| Rate of interest | 13.00% P.A at monthly |
| Share linking | 2.5% of the loan amount sanctioned |
| Guarantee | Two guarantor possessing property and also Income tax-payer |
| Security | Hypothecation of Goods and collateral security in Form of mortgage of immovable properties |
Hypothecation-Machinery
| Subject | Particulars |
| Purpose | For purchase of new machineries /equipments |
| Eligibility | For Businessmen , Traders, industrialist |
| Loan Amount | 70% of quotation of Machineries |
| Margin | 30% of quotation of Machineries |
| Repayment Period | Maximum 36 months |
| Rate of interest | 13.00% P.A at monthly |
| Share linking | 2.5% of the loan amount sanctioned |
| Guarantee | Two guarantor possessing property and also Income tax-payer |
| Security | Hypothecation of Machineries and collateral security in Form of mortgage of immovable properties |
Fixed Deposit Overdraft /KVP NSC Loan/Recurring Loan
| 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
80% of KVP / NSC Certificate principal amount. |
| Margin | 15% of Bank own Fixed Deposit ,Recurring Deposit and
20 % 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. |
| Share linking | Nil |
| Guarantee | Bank FDR / RD / NSC / KVP Certificate |
| Security | By pledge of particular Security like FDR/RD/NSC/KVP |
Medium Term Loan
| Subject | Particulars |
| Purpose | For Business and Social purpose. |
| Eligibility | for salaried employees, Businessmen, professional self-employed, |
| Loan Amount | Maximum Rs.1,00,000 /- |
| Repayment Period | Maximum 36 months |
| Rate of Interest | 9.00 % P.A P.A Interest at monthly rest ( Subject to change at the discretion of Bank ) |
| Processing fee | NIL |
| Share linking | 5.00 % of the amount sanctioned |
| Guarantee | Two guarantor Possessing property and also Income tax-payer |
