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Loans/Advances
Education Loan
Auto Loan
Home Loan
Mortgage Loan
SME Loan
Other Loans
Education Loan
- Interest rate:
@ 9.00% upto 5 years
@ 10.00% upto 10 years
- 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:
@ 8.00% for upto 3 years
@ 8.50% for 3-5 years
@ 9.00% for 5-7 years
- 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:
@ 9.0% for upto 3 years
@ 9.5% for 3-5 years.
@ 10.0% for 5-10 years
@ 10.5% for 10-15 years
@ 11.0% for 15-20 years
@ 11.5% for 20-25 years
- 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:
Revolving: @12.00%
Non-Revolving (Max 10 years): @11.00% -12.00%
- 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
SME Loan
- Interest rate: @ 8.99 - 13.00%.
- Repayment: Quarterly basis.
- Security coverage requirement: 125% of the funded limit at distress value
- Fixed Term / Working capital financing
- 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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