| Types of Loans | Loan Amount | Rate of lnterest w.e.f. 01.05.2023 | Sureties w.e.f. 01.05.2023 | Maximum Repayment period/ Other terms | Renewal Clause |
|---|---|---|---|---|---|
| Big Loan | Upto 5,00,000/- Above 5,00,000/- to 10,00,000/- |
11.75% | 1 2 |
120 Months | After repayment of 25% of principle amount |
| Short Loan | Upto 3,00,000/- Above 3,00,000/- Upto 8,00,000/- |
10.75% | 1 2 |
84 Months | After repayment of 25% of principle amount |
| House Repairing | Upto 300000 Above 3,00,000/- Upto 5,00,000/- |
10.75% | 1 2 |
84 Months | After repayment of 25% of principle amount |
| Shiv Mudra Loan | Rs. 1,00,000/- | 14.00% | N.A. | 36 Months | After repayment of 50% of principle amount |
| Housing Loan | Upto 60,00,000/- | 60m – 7.20% 84m – 7.50% Above 84 to Upto 240m – 8.25% |
1 | 90% of Agreement Cost.
Loan Repayment maximum 240 months. Maximum loan Repayment Tenure (Reduced EMI - Graduated Instalments) can be opted on condition to repay the entire loan balance along with interest on or before the date of retirement. Self-Declaration required. Subject to consideration by Loan Sub-committee / Board. (On Rs.100/- stamp paper – Notarised / Registered) For availing Housing Loan ‘Without Surety’, Registered Mortgage will be required. For availing Housing Loan ‘With Surety’, Intimation Registration (Paper/English Mortgage) as per present practice (NOI – notice of intimation). |
N.A. No. Renewal |
| House Mortage Loan | Upto 60,00,000/- | 60m – 7.50% 84m – 8.25% Above 84 to Upto 240 m – 8.75% |
1 | Loan amount 90% of latest market value by Bank's Valuer. Loan Repayment maximum 240 months. Maximum loan Repayment Tenure (Reduced EMI - Graduated Instalments) can be opted on condition to repay the entire loan balance along with interest on or before the date of retirement. Self-Declaration required. Subject to consideration by Loan Sub-committee / Board. (On Rs.100/- stamp paper – Notarised / Registered) For availing House Mortgage loan ‘Without Surety’, Registered Mortgage will be required. For availing House Mortgage loan ‘With Surety’, Intimation Registration (Paper/English Mortgage) as per present practice (NOI – notice of intimation). | After receipt of 12 EMI in actual |
| Higher Education Loan | 25,00,000/- Up to 5,00,000/- Above 5,00,000/- to 10,00,000/- Above 10,00,000/- |
60m – 7.75% 84m – 8.00% Above 84 to Up to 240 m – 8.75% | 1 Surety 2 Surities 1 Surety & Property Mortgage necessary |
Loan Repayment maximum 240 months | After receipt of 12 EMI in actual |
| Vehicle Loan | 50,00,000/- | 8.75% | 1 | Maximum 120 months. The second hand vehicle should not be more than 7 years from the date of registration of the vehicle. The loan tenure should be restricted maximum 84 months only. 70% of Valuation from Government authorised valuer. | Not Applicable |
| Loan Against C.D.(85% of Deposit) | 85% of C.D amount less insurance premium if any | 2% more than the rate of Interest on Cumulative Deposits | N.A. | 60 Months | After repayment of 25% of principle amount |
| Loan Against Deposits (85% of Deposits) | 85% of principle Deposit amount | 2% more than the rate of Interest on Cumulative Deposits | N.A. | On or before maturity. Interest to be serviced as and when due. | After repayment of 25% of principle amount |
