Loan Schemes
  • Vehicle Loan

Who can apply



  2. Professionals / Self Employed.
  3. Salaried persons
  4. Business Men

Purpose



  2. To purchase vehicle for Private Use
  3. To Purchase vehicle for Transport Business

 Maximum Limit



  2. In case of new vehicles 75% of the value of the vehicle amount. 

Repayment



  2. 60 monthly installments-reducing balance

Securities



  2. Minimum two Sureties out of which one should be an income tax payer and one should own a vehicle.
  3. The Borrower and all the sureties should be Regular/Nominal members of the Bank.
  4. The vehicle which is financed.
  5. Collateral security

Documents Required



  2. Loan application
  3. Residential proof of Applicant and sureties

In case of New vehicles



  2. Proforma Invoice
  3. Quotation of Body Cabin
  4. Margin money challan
  5. Letter for transport company
  6. Saving/Current Account Statement
  7. Proof of Occupation and Income
  8. Certified Balance sheet and Profit & Loss A/c. Statements of the borrowers and sureties other than salaried persons.
  9. In case of salaried persons pay slip of last three months.
  10. Other certificates
  11. Any other document required by bank.

In case of Old vehicles



  2. RC Book original
  3. Valuation Report
  4. Xerox copy of permit
  5. Xerox copy of insurance
  6. Tax book copy
  7. Fitness certificate copy
  8. Account of Business
  9. Saving/Current Account Statement
  10. Proof of Occupation and Income
  11. Certified Balance sheet and Profit & Loss A/c. Statements of the borrowers and surities other than salaried persons.
  12. In case of salaried persons pay slip of last three months.
  13. Other certificates

Any other document required by bank.
  • Business Loans

( Term Loan And Cash Credit)


Who can apply



  2. Professionals
  3. Business Men
  4. Educational trusts
  5. Builders and Contractors

Purpose



  2. Expansion of Business
  3. To purchase site for Business
  4. To make/renovate furniture
  5. To purchase plant and machinery
  6. Working Capital

Maximum Limit



  2. For Individual Borrower it is 3.00 Crores.
  3. For group of borrowers it is 9.00 Crores

Repayment



  2. Generally 60 monthly installments-reducing balances in case of Term Loans or according to the projected period of project finance.

Securities



  2. Minimum two Sureties out of which one should be an income tax payer and one should be a Business man.
  3. The Borrower and all the sureties should be Regular/Nominal members of the Bank.
  4. Collateral security

Documents Required



Loan application
  • Residential proof of Applicant and sureties

  • Certified Balance sheet and Profit & Loss A/c. Statements of the borrowers and sureties.

  • Income Tax Returns of last three years of the Borrower(s) and the sureties.

  • If the applicant/surety is a partnership firm then the copy of registered partnership deed and registration certificate are required.

  • If the applicant / surety is a private limited company /public limited company then a copy of Memorandum of Association or Article of Association is required.

  • Shop Establishment License

  • All the original documents of main and collateral securities.

  • Latest valuation report of property, vehicle etc.

  • In case of shop ,flat etc. society/builder’s NOC is required.

  • Any other document required by bank.

  • Title Clearance Certificate of the immovable property

  • Bills Discounting

( Term Loan And Cash Credit)


Who can apply



  2. Professionals
  3. Business Men
  4. Educational trusts
  5. Builders and Contractors

Purpose



  2. Expansion of Business
  3. To purchase site for Business
  4. To make/renovate furniture
  5. To purchase plant and machinery
  6. Working Capital

Maximum Limit



  2. For Individual Borrower it is 3.00 Crores.
  3. For group of borrowers it is 9.00 Crores

Repayment



  2. Generally 60 monthly installments-reducing balance in case of Term Loans or according to the projected period of project finance.

Securities



  2. Minimum two Sureties out of which one should be an income tax payer and one should be a Business man.
  3. The Borrower and all the sureties should be Regular/Nominal members of the Bank.
  4. Collateral security

 Documents Required



  • Loan Application

  • Residential proof of Applicant and sureties

  • Certified Balance sheet and Profit & Loss A/c. Statements of the borrowers and sureties.

  • Income Tax Returns of last three years of the Borrower(s) and the sureties.

  • If the applicant/surety is a partnership firm then the copy of registered partnership deed and registration certificate are required.

  • If the applicant / surety is a private limited company /public limited company then a copy of Memorandum of Association or Article of Association is required.

  • Shop Establishment License

  • All the original documents of main and collateral securities.

  • Latest valuation report of property, vehicle etc.

  • In case of shop ,flat etc. society/builder’s NOC is required.

  • Any other document required by bank.

  • Title Clearance Certificate of the immovable property

  • Housing Loan

Who can apply



  2. Professionals / Self Employed / Salaried
  3. Business Men

Purpose



  2. To purchase / renovate a House

Maximum Limit



  2. Rs. 35,00,000/-

Repayment



  2. 120 or 180 Equated monthly installments
  3. For businessmen 120 installment

Securities



  2. Minimum two Sureties out of which one should be an income tax payer.
  3. The Borrower and all the sureties should be Regular/Nominal members of the Bank.
  4. The house for which loan is sanctioned.
  5. Collateral security

Documents Required


  • Loan application

  • Residential proof of Applicant and sureties

  • Certified Balance sheet and Profit & Loss A/c. Statements of the borrowers and sureties other than salaried persons.

  • Income Tax Returns of last three years of the Borrower(s) and the sureties.

  • All the original documents related to house with Tile Clearance Certificate.

  • Latest valuation report of property, vehicle etc.

  • NOC of Society, Builder, CIDCO etc., is required.

  • In case of old house valuation report is required.

  • Any other document required by bank.

  • Consumer Durables Loan

Who can apply



  2. Permanent Salaried Persons
  3. Professionals & Business Men

Purpose



  2. Consumption Purpose
  3. House Repairs / Renovations / Consumer Durables
  4. Vehicles
  5. Education of Children
  6. Any Valid reason which is not illegal/immoral

Maximum Limit



  2. For Salaried persons and Professionals Rs. 2,00,000/- subject to the repaying capacity.
  3. In case of Consumer Durable( T.V., Refrigerators, Computers, Scooters, Motorcycles Etc.) 90% of the Computer value subject to the repaying capacity
  4. For Nominal Members Limit up to Rs. 1 Lacks

  

Repayment



  2. 60  monthly installments-reducing balance for others.

Securities



  2. Minimum two Sureties out of which one should be an income tax payer
  3. The Borrower and all the sureties should be Regular/Nominal members of the Bank.
  4. For Professional, they must be an income tax payers.
  5. Collateral security if any.
  6. NSC/LIC/FD/Gold can be taken as Security and repaying capacity.

Documents Required





    1. Loan application with photographs of borrower and Sureties
    2. Residential proof of Applicant and sureties
    3. Income proof of Applicant and surety
    4. Bank Account statement for 6 months showing credit of salary.
    5. In case of consumption purpose then quotation is required.
    6. In case of house repairs/renovations estimate of total expenditure is required.
    7. Undertaking from the employer to remit loan installments /salary directly to the bank.
    8. Any other document required by bank.
  • Personal Loan

Who can apply



  2. Permanent Salaried Persons
  3. Professionals & Business Men

Purpose



  2. Consumption Purpose
  3. House Repairs / Renovations / Consumer Durables
  4. Vehicles
  5. Education of Children
  6. Any Valid reason which is not illegal/immoral

Maximum Limit



  2. For Salaried persons and Professionals Rs. 2,00,000/- subject to the repaying capacity.

 Repayment



  2. 60  monthly installments-reducing balance for others.

Securities



  2. Minimum two Sureties out of which one should be an income tax payer
  3. The Borrower and all the sureties should be Regular/Nominal members of the Bank.
  4. For Professional, they must be an income tax payers.
  5. Collateral security if any.
  6. NSC/LIC/FD/Gold can be taken as Security and repaying capacity.

Documents Required



  2. Loan application with photographs of borrower and Sureties
  3. Residential proof of Applicant and sureties
  4. Income proof of Applicant and surety
  5. Bank Account statement for 6 months showing credit of salary.
  6. In case of consumption purpose then quotation is required.
  7. In case of house repairs/renovations estimate of total expenditure is required.
  8. Undertaking from the employer to remit loan installments /salary directly to the bank.

Any other document required by bank.

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