Rate of Interest + 2% for Individuals & + 1% on FIRM FDR For more details contact your nearest Branch.
Overdraft against NSC / KVP / Govt. Securities
Limit upto 80% on Security Amount.
Rate of Interest 12% For more details contact your nearest Branch.
Overdraft against Property Mortgage
Eligibility Criteria :
For the purpose of Business.
Loan maximum up to 50 % Valuation of the property by the Bank’s approved valuer .
Property offered for mortgage requires Titles Clearance certificate from Bank’s approved advocate ( This requires before disbursement of loan ).
Amount of Credit Facility will depend upon the nature of business of the applicant and the worth of the personal guarantees offered.
Personal Guarantee of at least two persons having income / asset expectable to the Bank. For more details contact your nearest Branch.
Cash Credit against Stocks & Book Debts
Eligibility Criteria :
For the purpose of Business.
Maximum credit facility @ 20 % of the Annual Sales Turnover. (Own contribution @5% of the C.C. Limit sanctioned is required).
Amount of Credit Facility will depend upon the nature of business of the applicant, offering of collateral security and the worth of the personal guarantees.
Personal Guarantee of at least two persons having income / asset expectable to the Bank. For more details contact your nearest Branch.
