ST LOAN NON - AGRICULTURE SECTOR (HCC - PCC)

MT LOAN NON AGRICULTURE

MT/ CC SALARY EARNERS STY.

MT LOAN TO URBAN CO-OP STY.

MT LOAN/ CCC To VKSS STY, FOR ONWARD LENDING OTHER THAN AGRICULTURE PURPOSE

HOUSING LOANS (LT/ MT) (INCLUDING GHARKUL SCHEME)

LOAN AGAINST NSC

ADVANCE AGAINST GOLD ORNAMENTS

M.T. CAR LOAN SCHEME

LOAN TO CORPORATE BODIES

LOAN TO SALARIED PERSONS PERSONAL LOAN SCHEME(DIRECT RECOVERY THROUGH SALARY OF APPLICANT/ SALARY SAVINGS A/ CS)

LOAN TO PURCHASE 2ND HAND VEHICLE/ MACHINER/ VESSEL

MORTGAGE LOANS

MT SPECIAL TWO WHEELER/ CAR LOAN SPECIAL SCHEME

PERSONAL LOANS SCHEME

1. The borrower shall be an ordinary or nominal member of the Bank and shall have an account with the Bank.

2. The gold ornament of 18 ct or higher purity shall be accepted for granting advance and shall be valued by the Approved Appraiser of the Bank at the prevailing rate. The Appraiser’s charges as well as all other incidental charges shall be borne by the borrower.

3. Advance against gold ornaments shall be granted up to 70% of the market value or at such other rates fixed from time to time by the Bank.

4. Interest shall be charged at the rate prevailing at the time of making advance, which shall be subject to change from time to time at Bank’s discretion.

5. Normally the advance shall be sanctioned for a period of one year repayable in monthly/quarterly installments alongwith accrued interest. Bullet repayment may be allowed for loans of up to Rs.5.00 Lac, with repayment period not exceeding 12 months.

6. In case the advance is not re-paid when demanded, the Gold Ornaments in possession of the Bank shall be sold in auctioned for the recovery of the dues and the shortfall, if any, shall be recovered from the borrower.