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Personal Loans:

  • For Employees/Professionals/Businessmen.
  • Maximum Rs.5,00,000/- loan amount.
  • Rate of interest – 15.00%.
    • In case of employers undertaking – 14.50%.
  • Maximum repayment period: 48 months.
  • Sureties 1 or 2 required depending on quantum of loan.

Educational Loans:

  • For pursuing School/ College/Higher education in India and Abroad..
  • For College education in India – Rs.50, 000/- to Rs. 4, 00, 000/-.

For College education in Abroad upto Rs.20, 00, 000/-.

  • Two sureties and collateral security to the extent of 100%.
  • Or NSC, KVP or Term Deposit Receipts of TSCAB to the extent of 100% of the loan amount.
  • Rate of Interest (Unsecured) – 13.00%.
    • Education loans with collateral security – 12.50%

 

SMALL AND MEDIUM ENTERPRISES LOANS(SME Loans)

  • Working Capital: Rs.10,00,000/-(To be renewed every year).
  • New Traders: Rs.1,00,000/-
  • Term loan: Rs.3,00,000/-(36 months)
  • Rate of Interest – Working Capital
    • Without collateral security – 14.00%
    • With collateral security – 13.50%
  • Rate of Interest – Term Loan
    • Fixed – 14.00%
  • Security
    • Upto Rs.1,00,000/-, 1 Govt. surety and Hypothecation of stock
    • Above Rs.1,00,000/- and upto Rs.3,00,000/-, 2 Govt. sureties and Hypothecation of stock.
    • Above Rs.3,00,000/-, 2 Govt. sureties, Hypothecation of stock and immovable property as collateral security.
  • Term Loan
  • 2 Govt. sureties and Hypothecation of stocks/pledge wherever possible.

 

Housing Loans

  • Maximum limit upto Rs.30,00,000/-
  • Provided to persons: upto 65 years of age.
  • Repayment period: Maximum 20 years
  • Rate of Interest: Fixed – 10.50%
  • Security: House as collateral security.

 

Real Estate Mortgage Loans:

  • 60% of the market value of the House/Flat subject to a maximum of Rs.10.00 lakhs.
  • Minimum 3 years regular service in organizations acceptable to the bank/3 years IT returns in case of self-employed and other professionals.
  • Repayment period: Maximum 10 years.
  • Rate of Interest: Fixed rate - 12.00%
  • Legal scrutiny will be done by approved Advocates/Valuers.