LOGIN
Login for Internet Banking
Login for Internet Banking
Bank offers different types of credit facilities at accessible rate of interest to the willing customers according to their requirement. The customer has to become a member/shareholder of the bank. The rate of interest offered on loan and advances is subject to changes as per the resolution of the Board of Directors.
The applicant will be a share holder and share linking will be 2.50% in case of secured loans and 5% of unsecured loans of sanctioned loan amount and will be entitled for the dividend.
| Sr. No. | Nature of loan | Maximum Loan Amount Rs. | Maximum Repayment period (In months) |
Remarks | Rate Of Interest |
|---|---|---|---|---|---|
| 1. | Vehicle loan For Commercial |
|
As per Scheme |
As per Scheme As per Scheme |
|
| 2. | Harikrishna |
30 lac |
240 |
|
10.00% |
House Mortgage |
|
|
upto 10 lac above 10 lac |
14.00% 13.00% |
|
| 3. | Education loan |
In India |
11.00% |
||
For Abroad |
|||||
| 4. | Unsecured Per.Loan |
0.50 lac |
36 |
|
15.00% |
| 5. | Secured personal loan(salary deduction) |
5 lac |
60 |
For purchase of furniture, TV, computer, Freeze , Washing machine, Functions (Marriage, GruhaPravesh, etc.) House Repairing, Repayment of Loan |
13.50% |
| 6. | Secured personal loan |
5 lac |
60 |
For purchase of furniture, TV, computer, Freeze , Washing machine, Functions (Marriage, GruhaPravesh, etc.) House Repairing, Repayment of Loan |
14.00% |
| 7. | For Warehouse For farmers |
|
|
For Warehouse |
11.00% |
| 8. | Warehouse |
|
|
|
12.00% |
| 9. | |||||
Gold Loan |
5 lac |
60 |
|
10.00% |
|
Gold Loan |
2 lac |
|
For farmers (7/12 mandatory) |
10.00% |
|
Gold Loan |
2 lac |
Bullet 12 |
|
10.00% |
|
| 10. | SSC against Gold |
5 lac |
36 |
Only for businessmen and professionals |
11.00% |
| 11. | Loan against Govt. Security and LIC policy) |
70% is sanctioned with 30% margin |
Upto maturity |
|
10.00 % |
| 12. | Loan against FDR |
85% is sanctioned with 15% margin |
Upto maturity |
Bank’s FDR is only accepted |
2 % More on FDR Interest |
| 13. | HYP limit Loan (Cash Credit ) Up-to 25 lac Above 25 lac to 50 lac Above 50 lac |
Subject to exposure limit of bank |
12 months |
Retailers and wholesalers, industrialists, agency/distributors are eligible |
12.00 % 11.00 % 10.00 % |
| 14. | SCC against Land & Building |
25 lac |
12 months subject to renewal |
Retailers and wholesalers, industrialists, agency/distributors are eligible and also real estate dealers |
12.50% |
| 15. | SCC against Land & Building |
Above 25 lac |
12 months subject to renewal |
Retailers and wholesalers, industrialists, agency/distributors are eligible and also real estate dealers |
11.50% |
| 16. | Term Loan against Land & Building |
25 lac |
36 |
Retailers and wholesalers, industrialists, agency/distributors are eligible and also real estate dealers |
13.00% |
| 17. | Term Loan against Land & Building |
Above 25 lac |
36 |
Retailers and wholesalers, industrialists, agency/distributors are eligible and also real estate dealers |
12.00% |
| 18. | Hypothecation of Goods |
upto 5 lac 5 lac to 25 lac Above 25 lac |
|
|
13.00% 12.00% 11.00% |
| 19. | Industrial Term Loan |
upto 5 lac 5 lac to 25 lac 25 lac to 50 lac Above 50 lac |
|
|
13.00% 12.00% 12.00% 10.00% |
| 20. | Industrial Limit Loan for Plant & Machinery |
upto 5 lac 5 lac to 25 lac 25 lac to 50 lac Above 50 lac |
|
|
13.00% 12.00% 11.00% 10.00% |
| 21. | Industrial Limit Loan |
upto 5 lac 5 lac to 25 lac 25 lac to 50 lac Above 50 lac |
|
|
13.00% 12.00% 11.00% 10.00% |
| 22. | Industrial Pledge Limit |
|
|
|
12.00% |
| 23. | Commercial Complex |
upto 10 lac Above 10 lac |
|
|
14.00% 13.00% |
| 24. | Agriculture allied activity |
|
|
|
12.50% |
| 25. | Advance to Land-Lord |
|
|
|
16.00% |