1

HOUSE LOAN:

1- For purchases/ construction of House

2- For repairs, additions & alterations

1-Rs.75.00  lakhs

2-Rs.01.00 lakhs

1-20% up to Rs.25,000

2-25%  from Rs.25,001 to Rs.50,000

3-30%  above  Rs.50,000

09.00%

Insurance of  house

15 years on monthly basis

15 years on monthly basis

 i) Salaried :

Mortgage of assets + letter of employer/ letter in favour of employer + advance  cheque

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 ii) Non Salaried:

Mortgage of assets + advance  cheques 

2

VEHICLE LOAN

(For personal use and commercial use)

Light- Rs.10.00  lakhs (personal)

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Heavy- Rs.10.00 lakhs (commercial)

15.0% 

25.0%

10.00%

Insurance of vehicle

7 years on monthly basis

 i) Salaried :

Guarantee of  1 person + letter of employer/ letter in favour of employer + advance cheque + Hypothecation of Vehicle

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 ii) Non Salaried :

Guarantee of  1 person + collateral security i.e. Fixed assets/ N.S.C./F.D.R  Guarantee of separate 1 person having capacity to repay the loan + advance cheques.+ Hypothecation of Vehicle

3

LOAN AGAINST MORTGAGE OF FIXED ASSETS  (Personal use i.e. marriage, travels & other purposes etc.)

Rs. 30.00 lakhs

30% of Value of Fixed assets

09.00%

Mortgage of Assets

(Not required in case of diverted Land only)

15 years on monthly basis

Mortgage of assets + advance cheques

4

CASH CREDIT AGAINST COLLATERAL SECURITY  (For business)

Rs. 25.00  lakhs

pledge  -  25% & Hypothecation - 40%

11.00%

Insurance of  Stock

1 year

security of 1 person + security in the form of fixed asset/N.S.C./F.D.R./I.V.P. + Hypo. / Pledge of Stocks

5

CONSUMER LOAN  

(For House hold items)

Rs. 5.00 lakhs

25%,

10-15%

(in institutional group cases)

10.00%

In case of  two -wheeler  vehicle only

5 years on monthly basis

i) Salaried :

Guarantee of  1 person + letter of employer/ letter in favour of employee + advance cheque.+ Hypo of vehicle (2 wheeler)

ii) Non Salaried :

 Guarantee of  1 person + collateral security i.e. N.S.C./F.D.R/ guarantee of separate 1 person having capacity to repay the loan + advance cheques .+ Hypo of vehicle (2 wheeler)

6

PROJECT  LOAN

(Project development inclusive  of  working capital limit) 

Rs.25.00  lakhs

25.0% - 

40% (Risk basis)

11.00%

Mortgage of Asset & Machinery

7 years including 12-18 months moratorium period

Guarantee of 1 person + collateral security + Mortgage of properties created out of loans

7

PERSONAL LOAN (Personal use i.e. marriage, travels & other purposes etc.)

Rs.10.00 lakhs

Nil

11.00%

Not required

5 years on monthly basis

Guarantee of 1 person + letter of authority/ employer acceptance  + advance cheques

8

EDUCATIONAL LOAN 

(Loan for pursuing higher education for 2 students of a family on the basis of repaying capacity of parents) 

Rs.15.00 lakhs

20%

10.00%

-

Maximum 7 years on monthly basis.

i) Salaried :

Guarantee of 1 person + collateral security + advance cheques

ii) Non Salaried :

 Fixed assets/  N.S.C./ F.D.R/ K.V.P + Guarantee of 1 person  + advance cheques

9

TRAVEL  LOAN

(For travelling purposes)

Rs.5.00 lakhs

20.0%

11.00%

-

5 years on Monthly basis

Guarantee of 1 person + letter of authority/employer acceptance  + advance cheques

10

UTSAVA LOAN 

Rs.5.00 lakhs

20.0%

11.00%

-

5 years on Monthly basis

Guarantee of 1 person + letter of authority/employer acceptance  +

advance cheques

11

MEDICAL TREATMENT LOAN 

(Medical treatment & illness)

Rs.1.00 lakhs

-

10.00%

-

5 years on Monthly basis

i.) Salaried :

Guarantee of 1 person + employer letter of authority or acceptance letter + advance cheques

ii.) Non salaried :

Guarantee of 1 person + collateral security + advance cheque

12

LOAN AGAINST PLEDGE OF ORNAMENTS  (Pledge of gold /silver ornament)

Rs.1.00  lakhs

40.0%

10.00%

Insurance of  ornaments

12  months

Pledge of ornaments