| Purpose |
Loans under the Bank’s Home Loan Scheme may be granted to individuals to enable them to:
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| Eligibility |
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| Margin |
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| Interest Rate | Interest Rate on SUPER HOME LOAN has been kept at 8.35 % per annum. |
| Purpose | Personal loan is granted for family function, marriage/medical treatment/education/ or any other general purpose except for speculative activities. |
| Eligibility | Permanent employees of the State/Central Government and PSUs, Corporations, Private Sector Companies, Reputed Establishments, Schools & Colleges with a minimum service of 2 years and drawing a net monthly salary of Rs. 5000/- and above and whose salaries are being credited to Employee’s accounts with our Bank or where the Drawing and Disbursing Officers consents in writing to provide check-off facility. |
| Check-off facility | Check-off facility is a facility by which the employer of the borrower agrees to deduct the installment amount from his/her salary and remit the same directly to the Bank (lender). Loan given under Post Dated Cheques will not be considered ascheck-off facilit |
| Quantum of Loan |
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| Margin | NIL |
| Interest Rate | As per Bank's guidelines. |
| Purpose | General purpose for purchase of consumer durables, marriage, family function, medical, travel expenses etc except for speculative activities. |
| Eligibility | Permanent Employee of the State/Central Government and PSUs, Corporations, Private Sector Companies, Reputed Establishments, Professional and Self Employed and other persons engaged in business/agriculture or allied activities having regular sources of income from verifiable sources with a minimum Net Monthly Income of Rs. 5,000 and above.Minimum Service / Employment period : 2 (two) years. |
| Quantum of Loan |
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| Margin | NIL |
| Mode of Payment | Post Dated Cheques for the Repayment period or Standing Instruction (S.I.) from the borrower’s account with the Bank(s). |
| Interest Rate | As per Bank's guidelines. |
| Purpose | To purchase a new passenger cars, jeep, Single or Multi Utility Vehicles (MUVs) and SUVs for personal use. |
| Age | Minimum 21 years ; Maximum: 65 years |
| Eligibility |
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| Quantum of Loan |
For Salaried: 48 times of Net Monthly Income (NMI) For others: Up to 4 times the Net Profit or Gross Taxable Income per annum as per IT Returns, after adding back depreciation and deducting repayment of all existing loans. |
| Margin | 15% of the total cost of the vehicle i.e. “on road price”. (which includes vehicle registration charges, insurance, one-time road tax and accessories). |
| Interest Rate | As per Bank's guidelines. |
| Purpose | It aims at providing financial support to poor and meritorious students for pursuing higher education in India and abroad. |
| Eligibility | Indian National who has secured admission to professional/technical courses in recognized institutions in India or Abroad through Entrance Test/Merit based Selection Process after completion of H.S.C. (10+2 or equivalent). |
| Quantum of Loan |
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| Margin |
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| Application of Interest | Servicing of interest during study period and the moratorium period till commencement of repayment is optional for students.A concession of 1% will be given if interest part is serviced during moratorium.Accrued interest will be added to the principal amount borrowed while fixing EMI for repayment. |
| Interest Rate | As per Bank's guidelines. |
| Purpose |
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| Age | Minimum 21 years ; Maximum: 70 years |
| Eligibility | Minimum Net Monthly Income of Rs. 25,000/ (or Rs. 3 lacs per annum). |
| Quantum of Loan |
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| Margin | NIL |
| Interest Rate | Interest Rate structure for LAP will be as per instructions. |
| Purpose | To meet expenses related to any festival. |
| Age | Minimum 21 years ; Maximum: 65 years |
| Eligibility | Permanent employees of the State/Central Govt. and PSUs, Corporations, Private Sector Companies, Reputed Establishments, Professionals and Self Employed and others having regular source of income from verifiable sources like salary income, FDR/Pension etc. with a minimum income of Rs. 3,000/- |
| Quantum of Loan | 4 (four) times of Net Monthly Income (NMI) subject to a minimum of Rs. 5,000/- and maximum ceiling of Rs. 50,000/- |
| Margin | NIL |
| Interest Rate | As per Bank's guidelines. |
| Purpose | To provide hassle-free credit to customers from rural and semi-rural centres based on their cash flow without insistence on security, purpose and end-use of the credit. This is in nature of overdraft with no end-use stipulations. |
| Age | Minimum 21 years ; Maximum: 65 years |
| Eligibility | GCC can only be extended to individuals who are residents of rural and semi-urban areas and having legitimate source of income. No proof of income is required. |
| Quantum of Loan | Maximum: Rs. 25,000/- Loan amount should be based on the assessment of income and cash-flow of the entire household, subject to a maximum ceiling of Rs. 25,000/- |
| Margin | NIL |
| Interest Rate | As per Bank's guidelines. |
