Services We Offer
We offer a wide range of plumbing services right from repairs to replacements in domestic as well as commercial setups.
ROI on Loans & Advances
Housing Loan
Maximum limit of loan:
For construction of new house – Rs.15,00,000/–
For purchase of ready built house – Rs.15,00,000/-
Security:
Mortgage of the property over which the proposed building to be constructed by way of registered mortgage deed.
Maximum repayment period:
New house : 10 years.
Repair/renovation : 10 years.
Moratorium period : 12 months from the date of disbursement of first loan.;
Rate of interest:
Up to Rs.3,OO,OOO/- : 13.25%
Above Rs.3.00 lakhs. : 13.75%
Agricultural Term Loan
Objectives:
To augment flow of credit to tenant farmers cultivating land either as oral lessees or share croppers and small farmers who do not have proper title of their land holding through formation and financing of JLGs.
To extend collateral free loans to target clients through JLG mechanism.
To build mutual trust and confidence between Banks and tenant farmers.
General Feature:
JLG is an informal group comprising preferably of 4 to 10 individuals coming together for the purpose of availing Bank loan either singly or through the group mechanism against mutual guarantee.
Maximum loan:Rs.50,000/– per individual.
Purpose of loan: Crop production, consumption, marketing and other productive purposes.
Security:No collateral security.
Rate of interest:13.5%
SRTO (Motor Vehicle) Loan
Maximum limit of loan:
Cost of the vehicle.
Margin: 15% of the cost of the vehicle.
Security:
Primary security:- vehicle purchased out of Bank loan under hypothecation.
Collateral security:- Land and building.
Liquid security : Postal Certificates, Cash Certificates and surrender value of LIC matching to loan amount.
Repayment period:60 equitable monthly installments
Rate of interest:Maximum 14%
Personal Loan
Maximum limit: Rs. 5,00,000/– or 30% of home take salary.
Security:Hypothecation of goods acquired out of Bank loan Salary linked.
Repayment period:60 equitable monthly installments
Rate of Interest:Maximum 13%
Business Loan
Maximum limit:- As per the project.
Margin:- 15%
Security
Primary security:- Hypothecation of Assets created out of Bank loan.
Collateral security:- Land and Building.
Liquid Security : Postal Certificates, LIC (S.V.)/ Cash Certificates.
Repayment period:5 to 7 years depending upon income generation.
Rate of interest:Maximum 14%
Working Capital Loan
Maximum limit: – As per the project report and assessment to be made by the appraiser adopting various approved methods.;
Security:Hypothecation of goods.land & building & other required securities.
Repayment period:1 year / on demand.
Rate of interest:Maximum 12%
Loan to SHG (self help group)
In order to provide the benefit of institutional credit to the poorest and marginalized section of the Society the Bank has initiated organization and Bank linkage programme for the Self Help Groups from the year 2000-2001 through its P ACS and Branches. Bank has constituted a Micro Finance Division at Head Office level as well as Branch level headed by a Nodal Officer for organizing and credit linkage of SHG.
Maximum limit of finance:1: 1 to 1:4 of the deposit of the Group.
Rate of interest:12.50% to Groups by Bank directly.
Gold Loan
In order to provide the benefit of institutional credit to the poorest and marginalized section of the Society the Bank has initiated organization and Bank linkage programme for the Self Help Groups from the year 2000-2001 through its P ACS and Branches. Bank has constituted a Micro Finance Division at Head Office level as well as Branch level headed by a Nodal Officer for organizing and credit linkage of SHG.
Maximum limit of finance:1: 1 to 1:4 of the deposit of the Group.
Rate of interest:12.50% to Groups by Bank directly.
