Loan / Overdraft Facility Against Fixed Deposit
Limit per Borrower: |
Upto 90%. |
Margin Money: |
10% |
No. of EMIs: |
Up to the maturity of F.D. |
Rate of Interest: |
1% more than FD rate.(For Own FD) |
Guarantors: |
Nil |
Overdraft Facility / NSC / KVP / GOI Sec.Loan
Limit per Borrower: |
Upto 90%. |
Margin Money: |
10% |
No. of EMIs: |
Up to the maturity of F.D. |
Rate of Interest: |
Up to maturity of the security offered. |
Guarantors: |
Nil |
Overdraft against Property Mortgage
Eligibility Criteria :
- For the purpose of Business.
- Loan maximum up to 70 % Valuation of the property by the Bank’s approved valuer .
- Property offered for mortgage requires Titles Clearance certificate from Bank’s approved advocate (This requires before disbursement of loan).
- Amount of Credit Facility will depend upon the nature of business of the applicant and the worth of the personal guarantees offered.
- Personal Guarantee of at least two persons having income / asset expectable to the Bank.
**For more details contact you’re nearest Branch.
Cash Credit against Stocks & Book Debts
Eligibility Criteria:
- For the purpose of Business.
- Maximum credit facility @ 20% of the Annual Sales Turnover. (Own contribution @5% of the C.C. Limit sanctioned is required).
- Amount of Credit Facility will depend upon the nature of business of the applicant, offering of collateral security and the worth of the personal guarantees.
- Personal Guarantee of at least two persons having income / asset expectable to the Bank.
**For more details contact your nearest Branch.