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Loans/Advances
Education Loan
Auto Loan
Home Loan
Mortgage Loan
Other Loans
Education Loan
- Interest rate:
@ 14.00% - 17.00%
- Interest calculation frequency: Daily
- Repayment: Monthly (EMI) or quarterly basis.
- Processing fee: @ 1% of the loan amount.
- Prepayment charge: 1% of the prepaid amount (Prepayment is restricted before 3 months of disbursement)
- Security coverage requirement: 125% of the funded limit at distress value
Auto Loan
- Interest rate:
@ 14.00% - 17.00%
- Interest rate for commercial vehicle: @ 12.00%.
- Repayment: Monthly (EMI) or quarterly basis.
- Maximum tenor of the loan for new vehicles: 7 years
- Loan processing fee: 1% of the loan amount
Home Loan
- Interest rate:
@ 14.00% - 17.00%
- Repayment: Monthly (EMI) or quarterly basis.
- Maximum tenor of the loan: 25 years
- Loan processing fee: 1% of the loan amount
Mortgage Loan
- Interest rate:
@ 15.00% - 18.00%
- Maximum tenor of the loan: 10 years
- Repayment: Monthly EMI or quarterly basis.
- Repayment: Quarterly Interest (OD type) or equal monthly installment (EMI) / equal quarterly installment (EQI)
- Security coverage requirement: 125% of the funded limit at distress value
- Loan processing fee: 1% of the loan amount
Other Loans
- Industrial and Trading Loans: Fixed Term Loan, Working Capital Loan, (Trust Receipt), Packing Credit, Demand Loan, Cash Credit, Pledge Loan, Overdraft etc.
- Loan against FD
- LCY Loan against FCY A/C
- Other Retail Loans
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