The Bank offers the following attractive loan
schemes to individuals who are its customers.
Overdrafts on Current Accounts are provided to the customers upto five times
their net salary against a simple surety of employees/employers undertaking.
Secured overdrafts on current accounts are provided to customers against the
security of National Saving Certificates, Kisan Vikas Patras, as also
against the security of urban immovable property.
Customers can avail of Gold Loans against pledge of gold ornaments at all
branches of the Bank.
CONSUMER DURABLE LOANS
The Bank provides loans for purchase of consumer durables to its customers
for buying of items like TV, Refrigerator, Air Conditioners and a host of
other consumer durables.
Under the Vidya Vikasa Vardhini Scheme, the Bank is providing loans to
students/parents of students for pursuing professional courses like
Engineering, Medicine, Computer Education and other courses including
technical courses/job oriented courses. The loan is repayable at attractive
rate of interest and easy repayment period.
Finance for purchase of cars is provided to professionals and self employed
entrepreneurial and salaried customers of the Bank for their personal use at
attractive rates of interest and repayment period ranging upto 60 months.
The Bank provides finance to unemployed persons for self employment purpose
by providing commercial vehicles like Auto rickshaws etc. The loan is
provided against two sureties.
Loans are provided to wholesale/retail traders and businessmen engaged in
trade activity for running their business on furnishing of collateral
security and on pledge of stocks. This facility is extended in the nature of
cash credit limit for facilitating continuous operation based on the
day-to-day business needs.
The Bank offers attractive Housing Loan Scheme both for construction or
purchase of a new house/flat as also for purposes of reapirs and extension
to existing house. Comfortable repayment period for the loan is provided.