Loan Schemes Loan Schemes

Personal Loan Schemes

Loan against property

Loan against property

Bank provides an all purpose loan which fulfills dreams of any individual, proprietary firm & partnership firm, against mortgage of an immovable property other than agriculture land. Minimum amount of loan is Rs.25,000/- and maximum amount is Rs.50.00 Lac (subject to sealing of 50% of valuation of property). The loan is granted as a term loan for a period of 84 months or it can be availed as an overdraft facility to be reviewed annually. Personal guarantee of two regular members acceptable to the Bank is required.

Housing Loan

Housing Loan

Bank provides housing loan to eligible persons for construction of house/flat and renovation of existing house/flat. The loan can be granted up to Rs.25 Lacs which mainly depends upon the income of the applicant. The loan is required to be repaid within maximum period of 15 years. The applicant is required to bring in 25-30% margin towards the cost of house/flat. The mortgage of the house/flat so constructed/purchased is taken along with third party guarantee of two regular members acceptable to the Bank.

Gold Loan

Gold Loan

Bank provides loan to individuals against pledge of gold ornaments. The loan is granted @ Rs.1800 per gram which is subject to changes made by the bank from time to time. The loan is required to be repaid within a period of 12 months.

Car / Vehicle Loan

Car / Vehicle Loan

Bank provides loans for purchase of car. The applicant is required to bring in a margin of only 20% towards the cost of vehicle. The loan is required to be repaid within a period of 84 months. Personal guarantee of two regular members acceptable to the Bank is required.

Educations Loan

Educations Loan

Bank provides loans for meeting expenditure for education in India or abroad. Loans up to Rs.10.00 Lacs are granted for the purpose of studies in India and up to Rs.20.00 Lacs for studies abroad. The applicant is required to bring in a margin of 30% for loans up to Rs.5.00 Lacs and 40% for loans above Rs.5.00 Lacs. The loan is required to be repaid in a period of 7 years after completion of education. Suitable security acceptable to the bank is required along with third party guarantee of two regular members acceptable to the bank.

Consumer Loan

Consumer Loan

Bank provides loans for purchase of electronics appliances, consumer durables etc. up to Rs.1.00 Lacs which is required to be repaid within a period of 3 to 5 years. The applicant is required to bring in a margin of 30% towards the cost of the product. Personal guarantee of two regular members acceptable to the bank is required.

Loan for solar water heater

Loan for solar water heater Loan

Bank provides loan for purchase of solar water heater of Sudarshan Saur where they provide 30% subsidy. The applicant is required to bring in a margin of 20% towards the cost of the solar energy product. Maximum amount of loan is Rs. 1.00 lac which is granted for a period of 12 months. Personal guarantee of two regular members acceptable to the Bank is required. The scheme is open upto 31.12.2015

Banking Facility