Individuals ( Salaried ) / Proprietor of Proprietorship firms/ partners of Registered Partnership firms, Directors of Pvt. Ltd. Cos etc.
Personal genuine financial requirements,
(Purpose should be specified in the Loan application)
Max. Loan upto Rs.5 lac
OR upto 75% of the estimated exp.
OR upto 60% of repayment capacity
OR value of security available
Whichever is less
Minimum 25% in Bank's favor
Rate of Interest
@ 14% p.a. (with monthly rests) subject to changes as per RBI guidelines our Bank's Policy.
Within 60 month's by EMI
Personal security –
Salaried borrowers Monthly deduction from Salary
Businessmen/Professionals – Monthly standing
Instruction to their bank account, where their
Normal business transactions are conducted
2 guarantors acceptable to the Bank
In case of existing loans preferably same guarantors be proposed.
1. Loan to be considered based on acceptable rest
2. Loan to be disbursed in stages as per requirement.