Loans     

  Gold Loan


This scheme provides loan against the security of gold ornaments at low rate of interest.

You can avail Gold loan whenever you need funds for education of children, business expansion, down payment for purchase of property or automobile, medical emergency, holiday with family, agricultural needs etc.


Maximum amount : Rs. 5 Lakhs
Eligibility: C Class Membership
Repayment duration: 3 months / 1 year
Interest rate: 3 months : 11% p.a / 1 year : 11.5% p.a
Sureties: Gold ornaments
Service charges: Insurance charges

Documents Required:


1. Proof of Identity(Election Id / Aadhaar Card / Driving License / Passport)

2. Copies of above documents.

3. Two copies of latest photographs


  Agriculture Gold Loan


Gold loan for agriculture is provided to a farmer to fund seasonal agricultural operations or related activities against the security of gold ornaments.


Maximum amount : Rs. 5 Lakhs
Eligibility: C Class Membership
Repayment duration: 6 months
Interest rate: 7% p.a
Sureties: Gold ornaments
Service charges: Insurance charges

Documents Required:


1. Proof of Identity(Election Id / Aadhaar Card / Driving License / Passport)

2. Copies of above documents.

3. Two copies of latest photographs


  Housing Loan


Housing loan is available for construction of new house, purchase of new house or house site and extension or renovation of exising house.


Maximum amount : Rs. 20 Lakhs
Eligibility: A Class and B Class Membership
Repayment duration: 10 years
Interest rate: 12% p.a
Sureties: Means acceptable to the bank
Service charges: 2% of the loan amount

Documents Required:


1. Plan and Estimate of the building proposed to be constructed duly certified by a competent authority.

2. Proof of Identity(Election Id / Aadhaar Card / Driving License / Passport)

3. Address Proof


  Mortgage Loan (LMT)


This scheme provides loan against mortgage of property at low rate of interest.

The scheme is for people engaged in trade, commerce & business and also professionals & self employed, Prop. Firm, partnership firm, companies, NRIs and individuals with high net worth including salaried people, agriculturists and staff members.


Maximum amount : Rs. 20 Lakhs
Eligibility: A Class and B Class Membership
Repayment duration: 10 years
Interest rate: 12% p.a
Sureties: Means acceptable to the bank
Service charges: 2% of the loan amount

Documents Required:


1. Original title deed

2. Copy of prior title deed

3. Purchase certificate

4. Tax Receipt

5. Posession certificate

6. Encumbrance certificate


  Vehicle Loan


For purchasing vehicle for personal purposes. (90% of the Vehicle Cost)


Maximum amount : Rs. 20 Lakhs
Eligibility: A Class and B Class Membership
Repayment duration: 5 years
Interest rate: 12% p.a
Sureties: Means acceptable to the bank
Service charges: NIL

Documents Required:


1. Proof of Identity(Election Id / Aadhaar Card / Driving License / Passport)

2. Address Proof

3. PAN Card

3. Two copies of latest photographs


  Kudumbasree Loan


Loan for Self Help Groups / Kudumbasree members.


Maximum amount : Rs. 20 Lakhs
Eligibility: A Class and B Class Membership
Repayment duration: 5 years
Interest rate: 10% p.a
Sureties: Means acceptable to the bank
Service charges: NIL

Documents Required:


1. Proof of Identity(Election Id / Aadhaar Card / Driving License / Passport)

2. Address Proof

3. PAN Card

3. Two copies of latest photographs