Who can borrow a loan ?

1. Applicant and the guarantor should be A OR B class member of bank.

2. Applicants and guarantors should be repayable in terms of repayment of debt.

Loan Amount :-

The maximum ceiling of the loan will be fixed from time to time as per the Reserve Bank's order.

Interest Rate and Interest Charges :-

For non-mortgage loans, 12% APR Interest will be charged monthly basis.2% penalty will be charged on the balance outstanding. However, this loan will be charged monthly. According to the Reserve Bank's policy and the approval of Board of Directors, Board of Directors reservs the right to change the interest rates.

Repayment :-

1. The loan tenure will be three to five years.

2. If the debt disbursements are unsatisfactory (in case of anniversation of 3 consecutive installments, in case of account NPA), repayment of entire loan with a lump sum interest.