Personal Loan


Purpose Repair / Renovation of residence,
Purchasing Home Appliances,
Purchasing Electronics Goods,
Repayment of Old Debts,
To meet expenses of Religious Ceremonies,
To meet Medical expenses,
Any legitimate purpose acceptable to the Bank.
Eligibility Individual/s, Salaried Employees,
Businessmen, Self-employed,
Professionals having regular source of income or Business entities.
Maximum Loan Amount Max. ₹ 5.00 lakhs

Max. ₹ 1.00 lakh to Nominal Members for purchase of Consumer durables only.
Margin 10% (of proposed expenses)
Repayment Period Up to ₹ 1.00 lakh: Maximum repayment 36 months

Above ₹ 1.00 lakh: Maximum repayment 60 months.
Rate of Interest 13.10% for Loans / 12.80% for OD for salary accounts . For others 13.5%
Security NOT REQUIRED
Guarantators Two Guarantors with means & income acceptable to Bank
Collaterals Assignment of Life Insurance policy depending upon case to case basis.
Processing Charge @ .75% of limit sanctioned
Subscription of Bank's Share @ 5% of limit sanctioned
Pre-payment Charges NO PREPAYMENT CHARGES

Terms & Conditions Apply.
Visit nearest branch for more details.


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