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

• Individuals, partnership firms or companies.

Purpose:

• Purchase of Four Wheelers like Cars, Jeeps, SUVs and MUVs for personal use.

Security :

• Hypothecation of four wheelers Vehicles.

Sureties :

• Two guarantor

Margin :

• Vary from 10% to 25% depending upon the nature of activities undertaken by Borrower

Amount of Loan :

• Upto 85 % of the cost of the vehicle and subject to credit exposure limit.
• Rate of Interest : 8.00% from 01/04/2021

Branch Managers are empowered to sanction loan upto Rs.5.00 lakh under special car/two wheeler Loan scheme

 MT loan under car loan scheme

 Repayment Period:

• Normally 5 to 7 years maximum.

Other requirements:

• Quotations/estimates, from competent authorities like Director of Road Transport, wherever applicable.
• Copies of B/S, P/L A/c, I.T. Returns for last 3 years in case of already existing unit.
• Valuation of Vehicles by Banks approved valuer in case of purchase of used vehicles.
• If salary earners Salary Certificate of the borrower

Documentation:

• Photograph
• Proof of identity, Pan Card, Aadhar Card, Voter ID Card/ Passport
• Loan Application in the prescribed form.
• Joint & Several Demand Promissory Note.
• Agreement for loan.
• Agreement for Hypothecation/Assignment or any  security acceptable to the Bank.
• Agreement for salary deduction u/s 45 of Goa Co-op Societies Act 2001 if borrower/surety is/are salaried persons.
• The financed vehicle/securities should be comprehensively insured against all possible risks, RTO Forms i.e. form no.29,30, 34 & 35, RC Book, Insurance Copy, Vehicle key
• Any other document depending on the purpose/security of the loan.