Loan
Gold Loan
Loan up to 70% of the purity of the jewellery, based on the current rate set by the bank, for the net 10 grams of gold or 70% of the market value, whichever is lower.
- Loan tenure: 12 months. The loan is repayable in a lump sum at the end of the tenure, with no monthly installments or term loan for 2-3 years with monthly installments.
- Loan amount available up to Rs. 4 lakhs, disbursed immediately.
- Daily loan disbursements available.
- Interest calculation based on the reducing balance method.
Personal Loan
- Loan tenure: Max 36 months with monthly installments.
- Loan amount available up to Rs. 50,000, disbursed immediately.
- Interest calculation based on the reducing balance method.
Home Loan
Purpose: The loan can be utilized for various purposes including:
- Building construction
- Flat or house purchase
- Plot & house construction{P +C}
- Building expansion, modification, and finishing work
- Building repairs
Commercial Loan
Shopping Complex Development
Store Purchase
The loan is available for a duration ranging from 3 to 15 years.
The loan will be secured against immovable property owned by the borrower. Additionally, the guarantee of one individual, as accepted by the bank, may be required.
The mortgaged property must be insured, and the mortgage deed will be required to be updated accordingly
Applicants must submit the last three years of financial statements, {for business applicants) 3 month salary slip for salaried person and income tax returns.
Interest will be calculated on a reducing balance basis.
The loan is available on easy and flexible terms and conditions.
LAP (Loan against property)
The loan can be utilized for any personal purpose, as deemed acceptable by the bank.
The loan amount will be the lesser of:
- Twice the applicant’s annual income,
- 70% of the valuation of the mortgaged property,
- A maximum of Rs. 70 lakh.
The loan will be secured against the immovable property of the borrower or the guarantor. Additionally, the guarantee of one individual, as accepted by the bank, may be required.
The mortgaged property must be insured, and the mortgage deed will need to be updated accordingly.
The loan repayment tenure will range from a maximum of 60 to 120 months, with monthly installments required.
Applicants must provide the last six month of financial statements,(for business applicants)and income tax returns. 3 month salary slip for salaried person.
Vehicle Loan
Two-Wheeler Loan:
- Purpose: To finance the purchase of a two-wheeler for personal use.
- Loan Amount: Up to 75% of the vehicle’s price, which includes the showroom price, insurance, and road tax.
- Securities: The vehicle will be hypothecated to the bank. Additionally, the guarantee of one individual, as accepted by the bank, may be required.
- Insurance: The vehicle must be insured.
- Loan Repayment: The loan repayment period will be a maximum of 48 months.
- Documentation: Applicants must provide the last three years of financial statements and income tax returns (for business applicants). 3 month salary slip for salaried person
Four-Wheeler Loan:
- Purpose: To finance the purchase of a four-wheeler for personal or commercial use.
- Loan Amount: Up to 75% of the vehicle’s price, including showroom price, insurance, and road tax.
- Securities: The vehicle will be hypothecated to the bank. Additionally, the guarantee of one individual, as accepted by the bank, may be required.
- Co-Security: The loan may require immovable property owned by the borrower or guarantor as additional security.
- Insurance: Both the vehicle and the mortgaged property must be insured.
- Loan Repayment: The loan repayment period will be a maximum of 60 months.
- Documentation: Applicants must submit the last three years of financial statements and income tax returns (for business applicants). 3 month salary slip for salaried person
Over Draft (OD)
To finance business and other commercial activities. ullamcorper mattis, pulvinar dapibus leo.
The loan limit will be determined based on the financial statements of the applicant for the past three years.
The loan may be secured by immovable property, gold jewellery, NSC, KVP, an insurance policy, and the guarantee of one individual, as accepted by the bank.
The mortgaged property must be insured, and the mortgage deed will need to be updated accordingly.
The overdraft facility will be available for a period of one year, with the requirement for renewal after each year.
Applicants must provide the last three years of financial statements and income tax returns.
No monthly installments are required for loan repayment. Only the interest will be due monthly.
For Loan Enquiries, Contact Dinesh Shrivastava: 9893903936,
Rajesh Chauhan: 8223035788
Branch Dabra: 07524-223509,
Branch Manager: Guruvendra Sharma: 9893152855
Branch Manager: Dheerendra Sharma: 9993674109