- Car Loan
- Consumer Loan
- Gold Loan
- Housing Loan
- Professionals and Self Employed
- Loans for Commercial Vehicles
- Loans against NSC/KVP/LIC Policies
- Educational Loans
- Loans for Business
- OTS For Mining Affected Borrower
- COVID 19 Relief Packages
- Restructuring Policy - MSME
- Restructuring Policy - Individual
- Personal Loans

Loans
for
Business
Purpose
For starting a new business or for existing business/expansion/diversification
Term Loan for purchase of shop/office premises, furnishing, machinery equipment, vehicles any other moveable assets.
Working Capital limits
1. Cash Credit limit
2. Pledge limit
3. Trust limit
4. Bills Purchased/book-debts limit,
5. Letters of Credit,
6. Bank Guarantees
Eligibility
1. Member of the Bank
2. For new Business: Project report, Establishment license/Registration Certificate
3. For existing business: Financial Statements for the last 3 years
Security
For Term Loan : Hypothecation of moveable asset or mortgage of immoveable asset.
For Cash Credit : Hypothecation of Stocks
Collateral Security : Will be required depending on case to case basis.
Repayment
Term Loan: Maximum of 5 to 7 years depending upon the nature of business/project (case to case basis)
Cash Credit: 12 months and renewable thereafter
Margin:
Minimum of 30%
Maximum
Limit:
As per the requirement to be assessed by the Bank and within the exposure limits
fixed by RBI from time to time.
Rate
of
Interest
Term Loans : 13.5% to 14.5% p.a. at monthly rests
Cash Credit : 9% to 13.5 p.a. at monthly rests depending upon Risk Rating & CIBIL Score
Working Capital Loans : 14% to 15% p.a. at monthly rests
Concession in rate of interest shall be extended on the specific request from the borrower selectively on case to case basis purely on merits of each case having due regard to the risk perception, loyalty, integrity in respect of each of such borrowal account and spin off benefits expected to be derived.For further details about the scheme you may visit any of the Branches or call Branch Manager.
NEWS
Get
More
Information
I need more information on
Rates
and
Charges
Lodge
a
Complaints
In case of any grievances or complaints, please Call us on 18002331024 or write to us
Lodge your Complaints