Purpose & Eligibility

• Purpose:

  • To meet personal / family expenses in case of any exigencies
  • To meet finance-gap in business
  • Any legitimate purpose acceptable to the bank

• Eligibility :

  • Salaried employees
  • Businessmen
  • Self-employed
  • Professionals having regular source of income

  • Firm (proprietary / partnership)
  • Private / public limited company
  • Registered trust

Quantum & Tenure

• Quantum :

  • 90% of the deposit amount against term deposits & recurring deposits

• Tenure :

  • In case of regular loan against term deposit / recurring deposit : Up to the date of maturity of term deposit
  • In case of overdraft facility against term deposit / recurring deposit : Annual review subject to renewal of term deposit maturing in between

Documentation & Security

• Basic Documents :

  • In case of new customer, applicant & guarantors need to open savings / current account
  • Duly signed loan agreement
  • Term deposit receipt / recurring account passbook

• Security :

  • Term deposit receipt issued by bank duly discharged with revenue stamp

ROI

• ROI :

  • Please click here to know about latest ROI & Service Charges.