Multi-Purpose Needs, Any Genuine justifiable reason acceptable to the bank.
"Conditions Apply. Loan at sole discretion of the Bank." SMS 'LOANS' to 70659 66665
Repayment Tenure:
Maximum 60 months
Margin :
Not Applicable
Maximum Loan Amount Limit :
5.00 Lakh
Eligibility
Salaried Persons:-
with Three year confirmed service.
Non-Salaried Persons:-
Persons engaged in Business/ Profession/ Self-employment for minimum period of 36 months.
Guarantors :
Loan upto Rs.1.00 Lakh - One Guarantor
Loan above Rs.1.00 Lakh - Two Guarantors
Subscription to Bank's Share - Membership:
Loan upto Rs.1 Lakh - A - Class Membership of Rs.1000/-
Loan above Rs.1 Lakh - 1.00% of Loan amount
Processing fee :
0.70% of Loan Amount
MINIMUM DOCUMENTATION
KYC
Financial Documents
Any other documents required by the Bank.
In adherence with RBI Notification no. DoR.MCS.REC.28/01.01.001/2023-24 dated 18/08/2023,
Penal charges for delay in payment of interest/ instalment , non-compliance or delay in compliance of critical terms of sanction and takeover of loan by other bank/
NBFC would attract penal charges @ 3.25% on the sanction amount in case of Working Capital limit and on the outstanding amount in case of term loan limit.
