| Loan Type | Term loan/Secured overdraft |
|---|---|
| Purpose | For repair / renovation of residence Purchase home appliances / electronic Goods / repayment of outside debts / Medical expenses |
| Eligibility | Individuals |
| Loan Amount | For bullet loan up to Rs 1.00 lakh For overdraft loan up to Rs 10.00 lakhs |
| Margin | 30 % in favour of Bank |
| Mode Of Repayment | Standing instruction from our Bank Account ( Interest charged to Bullet / Overdraft facility be paid by borrower on monthly basis.). |
| Repayment Period | For bullet loan 12 months For overdraft 24 months |
| Roi | LNGB (Bullet payment) – 9.25 % p.a., LNGSOD – 9.50% p.a. |
| Security | Pledge of gold ornaments |
| Guarantors | Not required |
| Collaterals | Not required |
| Processing Fees | For OD 0.50 % of sanct. loan amount. For bullet loan not applicable |
| Other Charges | As per Bank's policy |
| Banks Shares | Loan above Rs 1.00 lakhs shares amount Minimum Rs 1100/- |
| Prepayment Charges | No pre closure charges |