Vehicle Loan
| Subject | Particulars |
| Purpose | (i)For Purchase of two wheeler, three wheeler, four wheeler and for Commercial vehicles |
| Eligibility | (i)Vehicle loan for salaried employees, Businessmen, professional self employed, (II) Commercial Vehicle for business purpose. |
| Loan Amount | 70 % of Quotation of vehicles |
| Margin | 30% of quotation of vehicles |
| For old vehicle old up to three years | |
| Loan Amount | 50 % of vehicle valuation amount |
| Repayment Period | • For Two Wheeler, Three Wheeler – Maximum 36 months • For Four Wheeler – Maximum 60 months. |
| Rate of Interest | 15.00 % P.A P.A Interest at monthly rest ( Subject to change at the discretion of Bank ) |
| Processing fee | NIL |
| Share linking | 2.5% of the amount sanctioned |
| Guarantee | Two guarantor Possessing property and also Income tax-payer |
| Security | Hypothecation of Vehicles |
Machinery Loan
| Subject | Particulars |
| Purpose | For purchase of new machineries /equipments |
| Eligibility | For Businessmen , Traders, industrialist |
| Loan Amount | 70% of quotation of Machineries |
| Margin | 30% of quotation of Machineries |
| Repayment Period | Maximum 60 months |
| Rate of interest | 15.00% P.A at monthly |
| Share linking | 2.5% of the loan amount sanctioned |
| Guarantee | Two guarantor possessing property and also Income tax-payer |
| Security | Hypothecation of Machineries and collateral security in Form of mortgage of immovable properties |
Building Construction Loan
| Subject | Particular |
| Purpose | For purchase /construction of new office/factory shed /Godown |
| Eligibility | For Traders, professionals |
| Loan Amount | 70% of conveyance deed/sale deed amount |
| Margin | 30% of conveyance deed/sale deed amount |
| Repayment Period | Maximum 60 months |
| Rate of interest | 15.00% P.A at monthly rest (Subject to change at the discretion of Bank) |
| Share linking | 2.5 % of the loan amount sanctioned. |
| Guarantee | Two guarantor possessing property and also Income tax-payer |
| Security | Mortgage of office/factory shed /godown / Land |
Building Mortgage Loan
| Subject | Particular |
| Purpose | For Business purpose by Mortgage of Property or Land |
| Eligibility | For Traders, professionals |
| Loan Amount | 70% of conveyance deed/sale deed amount |
| Margin | 30% of conveyance deed/sale deed amount |
| Repayment Period | Maximum 60 months |
| Rate of interest | 15.00% P.A at monthly rest (Subject to change at the discretion of Bank) |
| Share linking | 2.5 % of the loan amount sanctioned. . |
| Guarantee | Two guarantor possessing property and also Income tax-payer |
| Security | Mortgage of office/factory shed /godown / Land / Building |
Consumer Durable Loan
| Subject | Particular |
| Purpose | For purchase of new T.V. Freez, or Home Appliance |
| Eligibility | For General People |
| Loan Amount | 70% of Quotation Price of Goods |
| Margin | 30% of Quotation Price |
| Repayment Period | Maximum 36 months |
| Rate of interest | 15.00% P.A at monthly rest (Subject to change at the discretion of Bank) |
| Share linking | 2.5 % of the loan amount sanctioned. . |
| Guarantee | Two guarantor possessing property and also Income tax-payer |
| Security | By Hypothicationof particular Goods. |
Hypothecation Loan
| Subject | Particulars |
| Purpose | For Working Capital of Business |
| Eligibility | For Business, Trade |
| Loan Amount | 50% of Stock Value |
| Margin | 50% of Stock Value |
| Repayment Period | One year. |
| Rate of interest | 14.00% P.A at monthly |
| Share linking | 2.5% of the loan amount sanctioned |
| Guarantee | Two guarantor possessing property and also Income tax-payer |
| Security | Hypothecation of Goods and collateral security in Form of mortgage of immovable properties |
Secured Building Mortgage Loan
| Subject | Particulars |
| Purpose | For Working Capital of Business.Bank provides ODBML Loan by mortgage agreement of Land or Building. |
| Eligibility | For Businessmen and Traders |
| Loan Amount | 70% of evaluation of Loan or Building |
| Margin | 30% of evaluation of Loan or Building |
| Repayment Period | One year. |
| Rate of interest | 14.00% P.A at monthly |
| Share linking | 2.5% of the loan amount sanctioned |
| Guarantee | Two guarantor possessing property and also Income tax-payer. |
| Security | collateral security in Form of mortgage of immovable properties |
Secure Loan
| Subject | Particular |
| Purpose | For Business and Social purpose. |
| Eligibility | For Traders, professionals, General People |
| Loan Amount | 85% of Bank own Fixed Deposit ,Recurring Deposit and 75% of KVP / NSC Certificate principal amount. |
| Margin | 15% of Bank own Fixed Deposit ,Recurring Deposit and 25 % of KVP / NSC Certificate |
| Repayment Period | Till maturity Date of FDR or Recurring Deposit or KVP / NSC certificate |
| Rate of interest | 2.00% excess of FDR / RD interest rate and 14 % in case of KVP / NSC Certificate. |
| Share linking | Nil |
| Guarantee | Bank FDR / RD / NSC / KVP Certificate |
| Security | By pledge of particular Security like FDR/RD/NSC/KVP |