The Bank offers the following attractive loan schemes to individuals who are its customers
Overdrafts on Current Accounts are provided to the customers upto five times their net salary against a simple surety of employees/employers undertaking.
Secured overdrafts on current accounts are provided to customers against the security of National Saving Certificates, Kisan Vikas Patras, as also against the security of urban immovable property.
Customers can avail Gold Loans against pledge of gold ornaments at all branches of the Bank.
The Bank provides loans for purchase of consumer durables to its customers for buying of items like TV, Refrigerator, Air Conditioners and a host of other consumer durables.
Under the Vidya Vikasa Vardhini Scheme, the Bank is providing loans to students/parents of students for pursuing professional courses like Engineering, Medicine, Computer Education and other courses including technical courses/job oriented courses. The loan is repayable at attractive rate of interest with easy repayment periods.
Finance for purchase of cars is provided to professionals and self employed entrepreneurial and salaried customers of the Bank for their personal use at attractive rates of interest with repayment period ranging up to 60 months.
The Bank provides finance to unemployed persons for self employment purpose by providing commercial vehicles like Auto rickshaws etc. The loan is provided against two sureties.
Loans are provided to wholesale/retail traders and businessmen engaged in trade activity for running their business on furnishing of collateral security and on pledge of stocks. This facility is extended in the nature of cash credit limit for facilitating continuous operation based on the day-to-day business needs.
The Bank offers attractive Housing Loan Scheme both for construction or purchase of a new house/flat as also for purposes of repairs and extension to existing house. Comfortable repayment period for the loan is provided.
Click Here To view the RBI Circular on Covid-19 Regulatory Package dated March 27, 2020
Click Here To view the RBI Circular on Covid-19 Regulatory Package dated May 23, 2020
Click Here To view the APCOB Circular on Moratorium extension from 01.06.2020 to 31.08.2020
Click Here To view the APCOB Policy on Moratorium
Click Here to view the RBI circular on Resolution Framework 2.0 on Individual and Small Business
Click Here to view the APCOB policy on Resolution Framework 2.0 on Individual and Small Business
Click Here to view the APCOB policy on Refund of Interest on Interest.
