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Loans & Advances

Account Balance Misscall: 8000-55-6666
ATM Blocking Misscall: 8000-90-6666

 

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

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

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

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

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.

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

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

  1. Two guarantor possessing property and also Income tax-payer.

Security

collateral security in Form of mortgage of immovable properties

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