Personal Unsecured Loans
| For Salaried employees, Businessman, Self Employed | |
|---|---|
| Type of loan | Term loan |
| Purpose | For repair/renovation of residence Purchase home appliances/electronic Goods/repayment of outside debts/ Medical expenses ,for Business man – business need |
| Repayment | Standing instruction from our Bank Account,Debit ECS |
| Mode of Repayment | Standing instruction from our Bank Account,Debit ECS |
| Margin | No margin |
| Rate of interest | 15 % p.a. (Subject to change as per Bank policy) |
| Who can borrow | Salaried employees, Businessman, Self Employed |
| Loan amount | Rs 0.50 to Rs 5.00 lakhs |
| Security | (Govt .Securities such as NSC/KVP ,LIC policy and Term deposit of our Bank as a collateral Security ) |
| Collateral | Not required |
| Guarantors | Two acceptable guarantors ( additional guarantor to be provided if required ) |
| Subscription of bank's shares | 5% of the loan amount |
| Processing charges | 0.50% of sanctioned loan amount |
| Other charges | As per Bank's policy |
| Pre-payment charges | No pre closure charges |
Quick Access
CASH CREDIT LOAN
12.5% for Stock & Book Depts, 12% for Stock, Book depts & 60% Colleteral
EDUCATION LOAN
To meet expenses for pursuing higher Education , at India or abroad. Graduation / post-gradution / medical Dental / engineering / management / law Pilot / air hostess | 10.75 % to 12.00 %