| Loan Type | Term loan/Secured overdraft |
|---|---|
| Purpose | For repair / renovation of residence Purchase home appliances / electronic Goods / repayment of outside debts / Medical expenses or any personal needs |
| Eligibility | Salaried Employees, Businessman, Self-employed |
| Loan Amount | As per bank policy |
| Margin | As per bank policy |
| Mode Of Repayment | Standing instruction from existing Savings Bank/Current Deposit/any other account with us. |
| Repayment Period | Up to maturity date of deposit such as NSC/KVP/FDR Interest is payable every month. |
| Roi | 11.00 % p.a. for NSC/KVP Loan / Overdraft 0.50 % p.a. Over and above FDR Receipt Interest rate for FDR Loan / Overdraft |
| Security | Pledge of NSC/KVP/FDR/RD |
| Guarantors | Not required |
| Collaterals | Not required |
| Processing Fees | Not applicable for loan against FDR/RD Documentation charges for NSC/KVP Loan as applicable |
| Other Charges | As per Bank's policy |
| Banks Shares | Not required |
| Prepayment Charges | No pre closure charges |