Loan Schemes

HOUSING LOAN

Features

Loan Amount: Minimum Rs. 5,00,000/- Maximum Rs.70,00,000/-

(Quantum of Loan is different for categories of borrower. Viz. Class I Gazetted Officers, Class II Gazetted Officers, UDA and Non Gazetted Officers, LDA and Grade III staff, Peon and Grade IV Staff)

Maximum EMI subject to 50% of Fixed Obligation over Income Ratio (FOIR)

Tenure: Minimum 3 years Maximum 14 years

Eligibility Criteria:

Profession: Salaried person from any Government Services (Salary in the Bank)

Eligibility age: 21yrs - Below 60 yrs

Customers who is working for at least 1 year

Surety: Government Servant working for at least 1 year

INTEREST RATES AND CHARGES

As may be decided by the Bank from time to time.

DOCUMENTATION

Applicant

* Identity Proof (Copy of Voter ID/PAN/Driving License/Adhaar)

*Address Proof (Copy of Voter ID/Residential Certificate/Adhaar)

N:B All documents should be self attested)

* Salary Certificate. (With Date of Joining & Date of Retirement)

* 1 No. recent passport size photo.

* Copy of Land Holding Certificate

* Copy of Sketch Map of the Land

* Copy of Non-Encumbrance certificate

* Copy of N.O.C. of the Landed Property

* Copy of Land Valuation Certificate

* Sketch Plan (countersign by Engineers)

* Detail Estimate (countersign by Engineers)

* No objection Certificate from the locality.

Surety

* Identity Proof (Copy of Voter ID/Driving License/Adhar)

* Address Proof (Copy of Residential Certificate)

N:B All documents should be self attested)

*Salary Certificate.(With Date of Joining & Date of Retirement)

*1 No. recent passport size photo.

OVERDRAFT AGAINST SALARY

Features.

Minimum Rs. 1,00,000/- Maximum Rs.5,00,000/-

Tenure: Maximum 1 year (Subject to Renewal every year)

Eligibility Criteria:

Profession: Salaried person from any Government Services (Salary in the Bank)

Eligibility age: 21yrs - Below 60 yrs

Customers who is working for at least 1 year

INTEREST RATES AND CHARGES

As may be decided by the Bank from time to time.

DOCUMENTATION

Applicant

* Identity Proof (Copy of Voter ID/PAN/Driving License/Adhaar)

*Address Proof (Copy of Voter ID/Residential Certificate/Adhaar)

N:B All documents should be self attested)

*Salary Certificate. (With Date of Joining & Date of Retirement)

*1 No. recent passport size photo.

OVERDRAFT AGAINST FIXED DEPOSIT/MIDS

Features

Minimum Rs. 50,000/- up to 75% of the Fixed/MIDS Deposit Amount

Tenure: Maximum 1 year (Subject to Renewal every year)

Eligibility Criteria:

All Customers who is having a Fixed Deposit with Minimum Tenure of 1 year

Sanction upto 75% from the Fixed Deposit Amount.

INTEREST RATES AND CHARGES

As may be decided by the Bank from time to time.

DOCUMENTATION

Applicant

* Identity Proof (Copy of Voter ID/PAN/Driving License/Adhaar)

*Address Proof (Copy of Voter ID/Residential Certificate/Adhaar)

N:B All documents should be self attested)

*Fixed Deposit Receipt duly pledge/endorsed as Security to the Bank.

GOLD ORNAMENT LOAN

Features

Minimum Rs. 10,000/- upto 75% from the Valuation certificate duly signed by the approved Gold Smith of the Bank.

Eligibility Criteria:

Customers of the Bank.

INTEREST RATES AND CHARGES

As may be decided by the Bank from time to time.

DOCUMENTATION

Applicant

* Identity Proof (Copy of Voter ID/PAN/Driving License/Adhaar)

*Address Proof (Copy of Voter ID/Residential Certificate/Adhaar)

N:B All documents should be self attested)

*1 No. recent passport size photo.

CONSUMER DURABLE LOAN

Features

Minimum of Rs. 25,000/- upto Rs.3,00,000/- (75% of the Quotation from the Supplier)

EMI subject to 50% of Fixed Obligation over Income Ratio (FOIR) of Net Salary

Tenure: Minimum1 year Maximum 3 years

Eligibility Criteria:

Profession: Salaried person from any Government Services (Salary in the Bank)

Eligibility age: 21yrs - Below 60 yrs

Customers who is working for at least 1 year

INTEREST RATES AND CHARGES

As may be decided by the Bank from time to time.

DOCUMENTATION

Applicant

* Identity Proof (Copy of Voter ID/PAN/Driving License/Adhaar)

*Address Proof (Copy of Voter ID/Residential Certificate/Adhaar)

N:B All documents should be self attested)

*Salary Certificate. (With Date of Joining & Date of Retirement)

*1 No. recent passport size photo.

Surety

* Identity Proof (Copy of Voter ID/Driving License/Adhar)

* Address Proof (Copy of Residential Certificate)

N:B All documents should be self attested)

*Salary Certificate.(With Date of Joining & Date of Retirement)

*1 No. recent passport size photo.

* Quotation from the Supplier.

LOANS TO CONTRACTORS : CASH CREDIT & OTHERS

Features

Minimum- Rs.10 lakh or 50% of work orders on hand.

Maximum- Rs.100 lakh or 50% of works orders on hand.

Borrowers to submit details of works orders on hand.

Eligibility Criteria:

a) Contractors/Firms who have valid registration with State/Central Govt. Departments.

b) Should have been in the same line of activity for more than 3 years.

c) Should be earning net profit for the last 3 years.

d) Should have work orders on hand of more than 100% of the financial assistance sought from banks/FIs.

e) Should have Satisfactory CIBIL score.

INTEREST RATES AND CHARGES

As may be decided by the Bank from time to time.

DOCUMENTATION

Applicant

* Identity Proof (Copy of Voter ID/PAN/Driving License/Adhaar)

*Address Proof (Copy of Voter ID/Residential Certificate/Adhaar)

N:B All documents should be self attested)

LOAN TO CONTRACTORS: TERM LOAN

Features

Minimum- Rs.25 lakh or 70% of cost of equipment to be purchased.

Maximum- Rs.100 lakh or 70% of cost of equipment to be purchased.

The cost of the equipment will include freight and Insurance, etc as per the negotiated terms.

Eligibility Criteria:

a) Contractors who have valid registration with State/Central Govt. Departments.

b) Should have been in the same line of activity for more than 3 years.

c) Mine owners/exporters having own mining lease or Mine operators/ exporters having Long term contract with mine owners.

d) Should have Satisfactory CIBIL score.

INTEREST RATES AND CHARGES

As may be decided by the Bank from time to time.

DOCUMENTATION

Applicant

* Identity Proof (Copy of Voter ID/PAN/Driving License/Adhaar)

*Address Proof (Copy of Voter ID/Residential Certificate/Adhaar)

N:B All documents should be self attested)

MICRO FINANCE LOAN

Features

Minimum- Rs. 20,000

Maximum – Rs. 100,000

Eligibility Criteria:

1. Members having their saving bank account with the bank.
2. Person engaged in any kind of small business or income generation activities (other than daily wage labourers).
3. Workers in Unorganised Sectors such as Muster Rolls, Work Charges, etc who receive payments from Government.
4. Applicant should provide one surety, preferably a Government servant whose remaining service is more than the tenure of the loan.
5. In case of surety by non-Government servant, the person should be known to the bank and of suitable means capable of repaying the loan of the borrower.
6. Declaration by immediate family members undertaking to repay the remaining loan in case of any eventuality.
7. Minimum entry age is 21 years and maximum 58 years for Workers in Unorganised Sectors and 60 years for other types of borrowers.

INTEREST RATES AND CHARGES

As may be decided by the Bank from time to time.

DOCUMENTATION

Applicant

* Identity Proof (Copy of Voter ID/PAN/Driving License/Adhaar)

*Address Proof (Copy of Voter ID/Residential Certificate/Adhaar)

*1 No. recent passport size photo

N:B All documents should be self attested)

Surety

* Identity Proof (Copy of Voter ID/Driving License/Adhar)

* Address Proof (Copy of Residential Certificate)

*Salary Certificate. (With Date of Joining & Date of Retirement)

*1 No. recent passport size photo.

N:B All documents should be self attested)