Loan Schemes

This scheme provides loan facility for the purpose of construction of dwelling houses or for purchase of an existing dwelling house including the land it situates, against mortgage of property at the rate of interest fixed by the Bank. The product provides an opportunity to customers to fulfill their dreams of constructing a house with a minimum cost and hardship.

Purpose

• To meet the credit needs of trade, commercial activity, other general business, Profession as also for their bonafide requirements.
• To meet marriage or medical or educational expenses of family members including near relatives.
• To undertake repairs/renovation/extension to the residence/commercial property.
• Purchase of consumer durables.
• To purchase/construct house/flat, purchase of plot.
• To purchase 2/4 wheeler / heavy vehicles.
• For going on pilgrimage/tours/excursions, etc.
• Repayment of existing loans from other Banks/FIs.

Eligibility

Persons having membership in the Bank, engaged in trade, commerce and business, Professionals, Self-employed, Prop. Firms, partnership firms, individuals with high networth, salaried people, agriculturists etc

Procedure

submit application with necessary documents.
After verification the Branch will submit the application to HO with their recommendation.
After getting legal opinion HO will sanction the loan and issue orders.

Charges and other costs

The charges levied are forms, insurance, notice, legal fee, valuation charge and miscellaneous charges.

Period

Upto 60 months

Eligible amount

Maximum Rs. 50,00,000/-
percentage of share linking is 2.5 %