Loans

NO.

LOANS

DETAILS

1

ORDINARY GOLD LOAN (3 TO 12 MONTHS)

These loans are provided on the security of gold ornaments.
Rate of Interest: 10%
Security: Gold Ornaments (value varies as per bank – table)
Loan amount: Max. Rs. 10 Lakhs
Duration: 3 to 12 months
Documents required: Proper KYC documents. For more details, Contact Branch

Upto 3 months

Rate of Interest : 9.5%

2

AGRI PLUS GOLD LOAN

Loans given for the Agricultural activities/raising crops.
Rate of Interest: 7%
Security: Gold Ornaments
Loan amount: Max. Rs. 1, 00,000.00. As per value of security, Land area under cultivation and Scale of Finance
Duration: 6 months
Documents required: latest tax receipt of the land owned. For more details, Contact Branch

3

PERSONAL LOAN

These are loans given to individuals for any Non-Agriculture purpose/non-business purpose.
Rate of Interest:  Up to 1 Lakh – 11%

                           1 Lakh to 2 Lakhs – 12%

                           Above 2 Lakhs – 13%
Security: Landed property, Salary Certificate
Loan amount: Up to Rs. 40 lakhs(Mortgage)

                       Up to Rs. 6 lakhs(Salary Certificate) Duration: up to 7 (seven) Years
Documents required: Only one salary certificate required for loan amount up to Rs 2 lakhs, above Rs. 2 lakhs, more salary certificates are required, The salaried employee should have at least 1 year of service after duration of loan.

4

HOUSING LOAN

These loans are given for the purpose of construction /modification of residential house. These are available in both EMI and non EMI options.

                           50,001 to 2 Lakhs – 10%

                           2 Lakhs to 10 Lakhs – 10%

                           10 Lakhs and above  – 10.75%
Security: Primary security
Loan amount: Max. Rs. 25, 00,000 (non EMI with 6 months moratorium).

Duration: max. 180 months

Documents required: For Loans above 10 Lakhs, salary certificate required.

5

HOUSE REPAIR LOAN

Upto 2 Lakhs -10.5%

2 Lakhs and above – 11%

6

VEHICLE LOAN

Loans granted for the purchase of Vehicle.
Rate of Interest: 11.25%

Loan amount: Max. 10,00,000
Duration: 60 months
Documents required: Contact Branch

7

CASH CREDIT TO INDIVIDUALS

Loans extended to cover the working capital requirement of any venture.
Rate of Interest: 13%
Security: Primary security and Collateral security to cover the loan amount as per the norms of the bank.
Loan amount: Rs. 40,00,000/-
Duration: 12 months
Documents required: Project report with cash flow statement. Contact Branch

8

OVERDRAFT TO INDIVIDUALS

Loans extended to Professional to cover their professional needs such as doctors, contractors (Private and Government), Advocates, etc
Rate of Interest: 13%
Security: Collateral
Loan amount: 40 lakhs

Duration: 12 months
Documents required: Project, proof of work undertaken in the case of contractors. Contact Branch

9

TRADERS LOAN

Loans provided to traders.

Rate of Interest: Weekly Instalment – 12%

                           Monthly Instalment – 12%

Loan Amount: 50,000/-

Duration: 24 months

Documents required: Contact Branch

10

LOANS TO SHG(KUDUMBASHREE)

These loans are given to Self Help Groups (size 15 to 20 persons) which have met the criteria as prescribed by NABARD.
Rate of Interest: 9%

Duration: 36 months
Documents required:. Contact Branch

11

LOANS TO JLG

These loans are given to individuals as per the criteria of NABARD to groups of individuals (4 to 10 persons) who come together for a venture.
Rate of Interest: 12%
Security: Nil
Loan amount: 50000 per Individual
Duration: 36 months

12

LOANS TO PROFESSIONALS

Loans extended to Professional to cover their professional needs such as doctors, contractors (Private and Government), Advocates, etc
Rate of Interest:  Up to 1 Lakh – 11%

                           1 Lakh to 2 Lakhs – 12%

                            Above 2 Lakhs – 13.5%
Security: Landed property only

Loan amount: up to Rs. 25 lakhs
Duration: up to 84 months
Documents required: Contact Branch

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