GSTIN : 32AAATT2863N1Z7
Updates

Retail Loans

Retail Loans

  • Parinaya Loan

    Rules and Regulations / Features

    1.  Loan can be availed by A class Members only.

    2.  Loan can be availed against the security of land mortgage / immovable property.

    3.  The Maximum limit that can be advanced under this scheme will be Rs.4,00,000/- (Rs.Four lakh only).

    4.  Loan can be availed only for raising the fund for the marriage of the applicant or direct blood related persons (son, daughter etc).

    5.  A copy of invitation letter should be submitted to prove the purpose.

    6.  Interest will be calculated under EMI method.

    7.  All the loans should remitted in monthly instalments.

    8.  3% overdue interest will be charged on the overdue instalment in addition to the normal rate whenever an instalment becomes overdue.

    The Bank has a right to file suit under KCS / SARFAESI Act when the loan becomes a Non Performing Asset as per RBI guidelines.

    Loan Period :12 months TO 84 months
    Rate Of Interest : 12.25 %
    Maximum Amount :4,00,000/- (Rs.Four lakhs only)

  • Consumption Loan

    Rules and Regulations / Features

    1.  Loan can be availed by A class Members only.

    2.  Loan can be availed against the security of land mortgage / immovable property.

    3.  Interest will be calculated under diminishing method.

    4.  All the loans should be remitted in monthly/quarterly instalments as decided by the bank.

    5.   3% overdue interest will be charged on the overdue instalment in addition to the normal rate whenever an instalment becomes overdue.

    6.  The Bank has a right to file suit under KCS / SARFAESI Act when the loan becomes a Non Performing Asset as per RBI guidelines.

    7.  The Maximum limit that can be advanced under this scheme will be fixed for various purpose as under.

    Loan Period :12 months TO 84 months
    Rate Of Interest :

    Amount Slab

    Rate Of Interest

    Up to 100000

    10.50

    100001/- to 200000/-

    13.00

    Maximum Amount :2,00,000/- (Rs.2 lakh only)

  • Vehicle Loan

    Rules and Regulations / Features

    1.  Loan can be availed by A class Members only.

    2.  Loan can be availed against the security of land mortgage / immovable property or the security of any two salaried employees. Only Government employees, Teachers or Co-operative employees are eligible for act as a surety. Both of the employees should be complete the probation period.

    3.  The maximum loan amount is 80% of the market value of the vehicle or maximum amount whichever is lesser. The Maximum limit that can be advanced under this scheme will be Rs.10,00,000/- (Rs.Ten lakhs only).

    4.  This loan shall be issued for purchase of new vehicles and those which are not more than 5 years old.

    5.  The second hand vehicle offered as security should be valued by an expert and his certificates shall be submitted, and 50% of the valued amount may be disbursed as loan. In the case of second hand vehicles, a copy of agreement in stamp paper between the parties regarding the sale may also be submitted.

    6.  Hypothecation will be marked on RC and Spare key will be under the safe custody of Bank until the closure of loan.

    7.  Loan amount can be availed only by demand draft or NEFT to the dealer of vehicle directly.

    8.  Interest will be calculated under EMI method.

    9.  All the loans should be remitted in equated monthly instalments.

    10.   3% overdue interest will be charged in addition of normal rate when the instalment becomes due.

    The Bank has a right to file suit under KCS / SARFAESI Act when the loan becomes a Non Performing Asset as per RBI guidelines.

    Loan Period :12 months TO 60 months
    Rate Of Interest :

    Amount Slab

    Rate Of Interest

    Up to 1000000/-

    14.25

    Maximum Amount :10,00,000/- (Rs.Ten lakhs only)

  • Samrudhi Over draft Loan

    Surety OD Loan for employees

    Rules and Regulations / Features

    1.  Loan can be availed by A class Members only.

    2.  Loan can be availed only for Govt.employees, Teachers, and employees of co-operative societies. Loan can