Our Bank Offers Attractive Interest Rates for all Loan Schemes.
Housing Loan
The Bank is sanctioning loans to build. Maximum repayment period for this Loan is 120 Months.
Purpose
- Construction of own house
- Purchase of ready built house
- Purchase a new flat
- Takeover of housing loans from other Banks/Institutions
Eligibility
- Salaried Employees confirmed in service /Businessmen/Professionals/ Agriculturist
- Age of the person should not be more than 55 years.
Mortgage Loan
The Bank is sanctioning this loan by getting mortgage of immovable property of the borrower after considering security, repayment capacity, credit worthiness and fulfilling documentation procedures prescribed by the bank for setting up / improvement of business, repairs of house, educational purposes, clearing of debts, daughter marriage etc. Maximum duration of this Loan is 100 months.
Cash Credit
The Bank sanctions Cash Credits to traders and business people against mortgage of Property, Lien on Deposit. The tenure of this facility will be given for a period of 1 Year and renewed subject to satisfactory performance of the a/c. Interest is calculated for the amount of debit balance in the account on daily basis and charged to a/c on every month.
Pledge Loans
Information Updated Shortly
Construction Loans
Information Updated Shortly
Vehicle Loan
This Loan is sanctioned for the purchase of new two-wheeler / Autorickshaw / cars / tempos / trucks etc. against hypothecation of such vehicles for personal or commercial use. Loan is given up to 75 % of the cost of the vehicle. Maximum tenure is 60 months.
Eligibility
- The applicant should be a Member.
- The applicant should have permanent Driving License.
Personal Loan
Information Updated Shortly
Gold Loan
- This loan is sanctioned against the pledge of gold ornaments. Jewel Loan of Rs. 3000/- per gm will be given and the maximum loan amount is 2.00 lakhs. Maximum tenure is 12 months.
- For Non-members maximum of Rs. 1,00,000.00 will be given by admitting them as nominal members.
Rate of Interest
- up to ₹50,000/- —- 8.00%
- Above ₹50,001 to ₹2.00 lakh — 9.00%
NSC & LIC Bond Loan
Loans against NSC Bonds / LIC Bonds is sanctioned against its lien Up to 75% of the surrender value of the Bond.
Applicable For All Loans
Penal Interest
Any irregularity or default in repayment will attract penal interest of 2.00% p.a. over and above the above rate of interest on the balance outstanding.
Processing Fees
0.50% of Limit sanctioned without any maximum cap.
(for prompt payers of Interest and Instalment on monthly basis, will avail 2% discount on contract Interest Charges)
