Loans

For Housing Repairs, Renovations, Medical Expenses, Marriage, Ceremonial Expenses, Repayment of Debts, Other Reasons/Purposes acceptable to Bank etc.

Loans to salary earners are given to those, whose salary is credited to their A/c in our Bank.

Running cash credit a/c renewable every year of  satisfactory     operation mainly given to businessmen for financing stock-in-trade  against  hypothecation of stock of  goods.   In  other  words the finance is given for working capital requirement.

This is a loan scheme introduced recently with low  interest. A  scheme tailor-made for salaried employees,  professionals, self-employed and businessmen for construction of residential building which carries lesser rate of interest.  The  maximum loan  amount  permissible under this scheme is  Rs.10  lakhs.  Repayment period allowed is from 5 to 10 years.

The  loan  is  for  the  purpose  of  completion  of higher professional courses.

This  loan  is given against value of term deposit  upto  the  extent of 75%.

This  loan  scheme  is  available  for  purchase  Brand   new   wheelers.   Salaried employees, professionals, self  employed  persons and businessmen can utilise this scheme which carries  lesser rate of interest.

To  purchase  consumer durable items like  TV, refrigerators,  washing    machines,   mixers,   grinders    etc.,    against hypothecation of items purchased.

This loan is given against securities such as NSCs, surrender of value of LIC policies etc., – 75% of its value is given as loan.