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

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 %