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Loans & Advances

Purpose for Buying Vehicles

 Purchase of New  Four/Two wheeler, Three wheeler, and Commercial vehicles

Who can Eligible

-Salaried employees, Businessmen, professional self employed,
-and Commercial Vehicle for business purpose.

Loan Amount

75 % to 85 % of Basic Price of vehicles

Margin

25 % to 15 %

 

Used vehicle up to three years- 50 % of Valuation 

Repayment Period

Two Wheeler, Three Wheeler – Maximum 36 months
Four Wheeler – Maximum 60 months.

Processing fee

NIL

Guarantee

Two/Three guarantor Required  

Security

Hypothecation of Vehicles

Agreement /Stamp Duty Charges

0.25% of Sanction Loan Limit or Minimum Rs. 200/- (applicable as per Govt. rules and regulations)

Inspection Charges

Two Vehicle : Rs. 100/- One Time
Four Vehicle : Rs. 200/- One Time

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2.5% of Sanction loan amount

For Nominal Member

Nominal membership fees – Rs.5/-
Deposit Amount – Rs.500/-

Foreclosure charges on the outstanding loan amount

Minimum 3 months Interest

Purpose

Purchase of new T.V., Freez, A/C., Washing Machine, Laptop, Computer etc.Home Appliance

Who can Eligible

 Salaried employees, Businessmen, professional self employed,

Loan Amount

75% of Quotation Price of Goods

Margin       

25 of  Quotation Price

Repayment Period

Maximum 30 months

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 2.5 % of the loan amount sanctioned.
.

Guarantee

Two/Three guarantor Required  

Security

Hypothication of particular Goods.

Processing fee

NIL

Agreement /Stamp Duty Charges

0.25% of Sanction Loan Limit or Minimum Rs. 200/- (applicable as per Govt. rules and regulations)

For Nominal Member

Nominal membership fees – Rs.5/-
Deposit Amount – Rs.500/-

Purpose

Purchase of new machineries /equipments

Who can Eligible

Businessmen , Small Industrialist, Professionals etc.

Loan Amount

75% to 85 % of quotation of Machineries

Margin

25% to 15% of quotation of Machineries

Repayment Period

Maximum 60 months

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2.5% of the loan amount sanctioned

Guarantee

Two/Three guarantor Required  

Security

Hypothecation of Machineries

Processing fee

NIL

Agreement /Stamp Duty Charges

0.25% of Sanction Loan Limit or Minimum Rs. 200/- (applicable as per Govt. rules and regulations)

For Nominal Member

Nominal membership fees – Rs.5/-
Deposit Amount – Rs.500/-

Purpose

Working Capital of Business

Who can Eligible

Businessman  , Traders , Manufacturers ,

Loan Amount

50%  to 70 % of  Stock or 20 % of Annual Sales Turnover

Margin

50% to 30 Stock

Repayment Period

Renew of the limit every year.

Guarantee

Two/Three guarantor Required  

Security

Hypothecation of Goods and collateral security in Form of mortgage of immovable property

Agreement charges/Stamp Duty

0.25% or 0.35% of Sanction Limit & Registration and other fees applicable as per Govt. rules.

Inspection Charges/Visit Fee

Rs. 250/- Quarterly

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2.5% of Loan Amount

Stock Statement Late submission Charges

Rs. 100/- per month

Foreclosure charges on the outstanding loan amount

Minimum 3 months Interest

Purpose

Purchase of flat, Tenements, Bungalow and   construction of houses

Who can Eligible

 Salaried employees, Businessmen, professional self employed,

Loan Amount

60 % to 75% of marketable value or Estimate of Construction – Maximum Rs. 30/- Lakhs

Margin       

40% to 25%

Repayment Period

Maximum 180 months

Guarantee

Two/Three guarantor possessing property and also Income tax-payer

Security

Mortgage of property

Legal Opinion Charges(TC)

Upto Rs. 5.00 lacs
Rs. 5.00 lacs to Rs. 10.00 lacs
Rs. 10.00 lacs to Rs. 25.00 lacs
Rs. 25.00 lacs to Rs.50.00 lacs
Above Rs. 50.00 lacs

Rs. 1000/-
Rs. 2000/-
Rs. 3000/-
Rs. 5000/-
Rs.7500/-

Valuation Charges

Upto Rs. 10.00 lacs
Rs. 10.00 lacs to Rs. 25.00 lacs
Rs. 25.00 lacs to Rs.50.00 lacs
Above Rs. 50.00 lacs

Rs. 1000/-
Rs. 2000/-
Rs. 3000/-
Rs. 5000/-

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2.5% of loan amount

Agreement charges/Stamp Duty

0.35% of Sanction Limit & Registration & others fees applicable as per Govt. rules.

Foreclosure charges on the outstanding loan amount

Minimum 6 months interest

Purpose

Business  and Social purpose etc.

Who can Eligible

Fixed Deposits Holders or NSC/KVP Holsters

Loan Amount

85% of Bank own Fixed Deposit, MIP Deposit and 60 to 75% of KVP / NSC Certificate.

Margin       

15% of  Bank own Fixed Deposit ,MIP Deposit and 40% 25 % of KVP / NSC Certificate

Repayment Period

Till maturity  Date of  Fixed Deposit, MIP Deposits or KVP / NSC certificate

Share linking

 Nil

Security

Pledge of particular Security of  FDR/MIP/NSC/KVP

 Agreement Charges

Mini. Rs. 100/- or 0.25% of Loan Amount per agreement in case of KVP / NSC Certificate

Guarantee

No guarantor

Purpose

Business  and Social purpose etc.

Who can Eligible

The applicant must be true owner of the gold ornaments to be pledged with the Bank

Loan Amount

60% to 75% of  Valuations and Maximum Limit of Rs. 200000/-

Margin       

40% to 25 of  Gold Ornaments

Repayment Period

 Within 12 months ( Bullet Payments mode )

Share linking

 Nil

Security

Gold Ornaments

Guarantee

No guarantor

Agreement charges/Process Charges

0.25% of Sanction Loan Limit Minimum Rs. 200/-

Valuation Fee

Up to Rs. 50,000/- : Rs. 200/-

Above Rs. 50,000/- : Rs. 300/-

Foreclosure charges on the outstanding loan amount

Minimum 3 months interest

Purpose

a)Business expansion / professional needs,Working capital needs
b)Improvement/extension of existing property
c)Repayment of high interest bearing existing loans from other banks/FIs
d)Purchase of new shop/office / go down for business expansion

Who can Eligible

People engaged in trade, business, Professionals, self-employed,
Proprietary firms, Partnership firms,Companies (Pvt./Public ltd.)

Loan Amount

70% of  Valuation of Property

Margin

30% of  Valuation of Property

Repayment Period

Term Loan – 120 months
Cash credit OD facility(for working capital)- Renew of the limit every year.

Security

collateral security in Form of mortgage of immovable properties

Guarantee

Two/Three guarantor possessing property and also Income tax-payer

Security

Mortgage of property

Legal Opinion Charges(TC)

Upto Rs. 5.00 lacs
Rs. 5.00 lacs to Rs. 10.00 lacs
Rs. 10.00 lacs to Rs. 25.00 lacs
Rs. 25.00 lacs to Rs.50.00 lacs
Above Rs. 50.00 lacs

Rs. 1000/-
Rs. 2000/-
Rs. 3000/-
Rs. 5000/-
Rs.7500/-

Valuation Charges

Upto Rs. 10.00 lacs
Rs. 10.00 lacs to Rs. 25.00 lacs
Rs. 25.00 lacs to Rs.50.00 lacs
Above Rs. 50.00 lacs

Rs. 1000/-
Rs. 2000/-
Rs. 3000/-
Rs. 5000/-

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2.5% of loan amount

Agreement charges/Stamp Duty

0.35% of Sanction Limit & Registration & others fees applicable as per Govt. rules.