| Loan Type | Term loan |
|---|---|
| Purpose | For repair/renovation of residence Purchase home appliances/electronic Goods/repayment of outside debts/ Medical expenses ,for Business man – business need |
| Eligibility | Salaried employees, Businessman, Self Employed |
| Loan Amount | Rs 0.50 to Rs 5.00 lakhs |
| Margin | No margin |
| Mode Of Repayment | Standing instruction from our Bank Account,Debit ECS |
| Repayment Period | Standing instruction from our Bank Account,Debit ECS |
| Roi | 15 % p.a. (Subject to change as per Bank policy) |
| Security | (Govt .Securities such as NSC/KVP ,LIC policy and Term deposit of our Bank as a collateral Security ) |
| Guarantors | Two acceptable guarantors ( additional guarantor to be provided if required ) |
| Collaterals | Not required |
| Processing Fees | 0.50% of sanctioned loan amount |
| Other Charges | As per Bank's policy |
| Banks Shares | 5% of the loan amount |
| Prepayment Charges | No pre closure charges |
| Insurance | Loan amount to be secured by taking Borrower personal Life Insurance policy through bank at borrower cost |