Our Loan Schemes
Gold Loan
A maximum of Rs.1,00,000/- is being advanced to members/non members against the pledge of Gold Jewellery. The period of repayment of the loan is 12 months.
Vehicle Loan
75% of the cost of the vehicle is being advanced to members. This loan is advanced for the purchase of 2 wheelers and 4 wheelers. The maximum period of repayment of the loan is 36 and 84 months respectively.
Loans On Deposits
Loan / overdraft facility against security of term deposit receipt / pass book will be sanctioned to the depositor (s) to the extent of 85% of the deposit amount / value.
Housing Loan
Loans for construction of residential houses and for repayment of debts by mortgaging the property can be availed on producing the required documentation of the bank. the period of repayment of the loan is 180 months.
Mortgage Loan
Engage your property in easing your burden. Loans for construction of residential houses and for repayment of debts by mortgaging the property. With huge plans come huge responsibility and those responsibilities can be simplified with use of your property.
Maximum of Rs.40 Lakhs is being advanced to member. The period of repayment of the loan is 84months.
RATE OF INTEREST ON LOANS
| Sl No. | Particulars | Rate of Interest | ||
|---|---|---|---|---|
| 1 | Cash Credit & Term Loans (ACC, BCC, STL, MTL) | @ 13.00% p.a | ||
| 2 | SME-SEP Loans / Govt. Scheme Loans | @ 15.00% p.a | ||
| 3 | Housing Loan | @ 11.00% p.a | ||
| 4 | Gold Loan | @ 11.00% p.a | ||
| 5 | Vehicle Loan | @ 12.00% p.a | ||
| 6 | Deposit Loan | F.D Rate + 2% extra |
CHARGES ON LOANS
| Sl No | Particular | Minimum Charges | Maximum Charges |
|---|---|---|---|
| 1 | Cheque Book Charges | Rs. 50-00 | 2-00 rupees per leaf |
| 2 | Cheque Return Charges- Inward Clearing Min Rs. 200, Outward Clearing Min Rs. 100.00 | ||
| 3 | Account Closure Charges | Rs. 100-00 | |
| 4 | Inspection Charges | Upto 5 lakh Rs. 500-00 | Above 5 lakh Rs. 1000-00 |
| 5 | NOC for Non-Loanee | Rs. 100-00 | |
| 6 | Loan Application Charges | Rs. 30-00 | |
| 7 | Statement charges upto 5 pages, there after above 5 pages, each page Rs. 5 | Rs. 25-00 | |
| 8 | Provisonal loan saction letter charges | Rs. 300-00 | |
| 9 | Provisonal loan saction letter for Textile Schemes | Rs. 2000-000 | Rs. 5000-00 |
| 10 | Passbook Charges | Rs. 25-00 | |
| 11 | Loan Bond Charges | Rs. 100-00 | Rs. 1000-00 |