Who can borrow a loan?

1. To avail such a loan, it is necessary to subscribe to the A Or B class of the bank.

2. Applicant and landlord should be repayable in repayment terms.

Loan amount :-

The individual ceiling of loans will be decided from time to time according to the Reserve Bank's instructions. At present, a maximum of limit of 1.00 lakhs.

Interest rate and Interest charge :-

Unsecure loan 13% interest will be charged monthly. 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, the change will be made from the bank's board of directors from time to time.

Repayment :-

1. The term of the loan will remain for 3 to 5 years.

2. If the debt disbursements are unsatisfactory (In case of NPA of accounts for three consecutive installments), There will be repayment of loan with a lump sum interest.