Corporate Loans
  • Industrial Finance

    WORKING CAPITAL & TERM LOANS
    Purpose:

    • Production and Service Development

    Eligibility

    • Manufacturer and Persons engaged in service industries ( Ex. Hospitals)

    Margins:

    • For Machinery and Equipments -  25 % ( Depending upon the nature of equipment/ Machinery)
    • For Electrical Equipment – 25% to 50%
    • For Factory Shed and Building – 25% to 50%

    Rate of Intrest

    • Different rates upto Rs. 10.00 Lacs and above Rs. 10.00 Lacs

    Repayment:

    • In case of Term Loan :
    • 84 Months including moratorium.

     

  • Limits For Business

    Eligibility:
    Limits are extended to traders and manufacturers for
    • Trading activity - Open Cash Credit (OCC)
    • Manufacturing Activity - Small Scale Cash Credit (SSCC)

    Purpose: 

    • Business Development.

    Security:
    Primary:

    • Hypothecation Stocks
    • Assignment of receivables ( Not exceeding 40% of Total Limits Sanctioned at any point of time)

     Collateral:

    •  Mortgage of immovable property/ies (In case the limit is more than Rs. 5 Lacs )
    •  Personal Guarantee of One / two persons.

     Amount of facility:

    • Depending upon the constitution of the applicant / borrower as per his eligibility.

    Margins :

    • Raw Material – 25%
    • Stocks in proccess – 25% to 40%,
    • Finished Goods -  25% to 30%
    • Stocks in trading activity – 25% to 50%,
    • Book Debts ( Receivables)  - 25% to 50%
    • Maximum amount of limit against book debts (Out of total sanctioned limit) –  Not exceeding 40% of limit sanctioned at any point of time.

    Rate of Interest
    Different rates upto 10 lacs and above 10 Lacs.
     Validity: 
    12 months for limits.

     

  • Mortgage Loans

    LOANS AND LIMITS AGAINST IMMOVABLE PROPERTIES

     

    Mortagage Loans , Overdraft against other securities, Mortagage Loans and rent securitisation scheme.
    ELIGIBILITY

    • Individuals / Proprietary / Partnership Firms and joint stock companies are eligible under the scheme.

    SECURITY

    • Primary :
      • Immovable property other than agriculture land.
      • Future rent receivables.
    • Collateral:
      • Personal Guarantee of third party and / or owners of properties offered as security

    MARGIN

    • On Purchase / Construction of Open Plot / Commercial Property – 25% to 50%
    • On Sale consideration OR Distress Value of the property - 30% to 50%
    • On rent receivables – 10% to 20%

    RATE OF INTEREST

    • Different rates upto 10 lacs and above 10 Lacs.

    PURPOSE

    • Under rent securitisation scheme
    • For Business Development
    • Other purposes.

    AMOUNT OF FACILITY

    • Minimum 0.50 lacs, Maximum depending up on the scheme and constitution of the applicant as under:
      • Individuals / Proprietary Firms Rs 1000 lacs
      • Partnership firms , Trusts, Societies – Rs. 1000 Lacs
      • Public / Private Limited Companies – Rs. 1500 Lacs

    REPAYMENT / VALIDITY PERIOD:

    • Limit 12 months
    • Loan maximum 120 Months including moratorium period.

     

Basic Savings

Features

No Minimum Balance, No initial deposit to open the account.

No restrictions like Age, Income Criteria for opening BSBD Account.

All provisions of KYC, AML, PML are applicable.

Passbooks are given free.

Maximum of Four withdrawals in a month including ATM withdrawals;

RuPay ATM Cum Debit Card with Accidental Insurance of Rs. 1.00 Lac free

No charges for all the above facilities

PMJDY

PMJDY

The Hon’ble Prime Minister in his Independence Day Speech on 15th August, 2014 announced a comprehensive program of Financial Inclusion targeting the large number of people who are currently deprived of even rudimentary financial services. The PradhanMantri Jan DhanYojana (PMJDY) sets out to provide a basic Bank account to every family who till now had no account.