Loan Schemes

CASH CREDIT TYPE LOANS

05.03.2013
Views: 1699

Cash Credit Clean
* For Mode of Interest Calculation, Rebate and Penal details, see the footnote bellow.


Cash Credit Hypo
* ForMode of Interest Calculation, Rebate and Penal details, see the footnote bellow.


Overdraft
* For  Mode of Interest Calculation, Rebate and Penal details, see the footnote bellow.

* Rebate at the declared rate for Term Loans will be allowed to those who will make payment according to schedule, however, advance twards Principal may be accepted but no rebate will be allowed if the borrower fails to pay monthly interest usually. In case of Cash Credit and Overdraft accounts, rebate will be allowed to those who will pay the interest within 90 days from he date of last payment regularely and make turn-over of at least 60 % of sanctioned limit during the quarter ending on June, September, December and March. Fraction period of a quarter, if any, to be ignored. Rebate for Demand Loan ( Loan against Pledge of Gold Ornaments) will be allowed to those who will pay the interest within 90 days from the date of drawal / date of last payment regularely.

* Penal Rate of interest at any point of time will be charged, till the defaulted amounts are liquidated in full, from the date of last payment on failed amount of installment only when the failed amount of installment is less than equal to three installments and on the entire outstanding balance if the failed amount of installments become more than three installments.

SHORT TERM LOANS AND ADVANCES

05.03.2013
Views: 2054

Short Term Loan
* For Mode of Interest Calculation, Rebate and Penal details, see the footnote bellow.


Personal Surity Loan
* For Mode of Interest Calculation, Rebate and Penal details, see the footnote bellow.


Loan Against Gold Ornaments
* For Mode of Interest Calculation, Rebate and Penal details, see the footnote bellow.

Loan Against Life Insurance Policies
* For Mode of Interest Calculation, Rebate and Penal details, see the footnote bellow.


Loan Against Term Deposits
* For Mode of Interest Calculation, Rebate and Penal details, see the footnote bellow.


Loan Against Government Appointed Securities
* For Mode of Interest Calculation, Rebate and Penal details, see the footnote bellow.

* Rebate at the declared rate for Term Loans will be allowed to those who will make payment according to schedule, however, advance twards Principal may be accepted but no rebate will be allowed if the borrower fails to pay monthly interest usually. In case of Cash Credit and Overdraft accounts, rebate will be allowed to those who will pay the interest within 90 days from he date of last payment regularely and make turn-over of at least 60 % of sanctioned limit during the quarter ending on June, September, December and March. Fraction period of a quarter, if any, to be ignored. Rebate for Demand Loan ( Loan against Pledge of Gold Ornaments) will be allowed to those who will pay the interest within 90 days from the date of drawal / date of last payment regularely.

* Penal Rate of interest at any point of time will be charged, till the defaulted amounts are liquidated in full, from the date of last payment on failed amount of installment only when the failed amount of installment is less than equal to three installments and on the entire outstanding balance if the failed amount of installments become more than three installments.

MEDIUM TERM LOANS AND ADVANCES

05.03.2013
Views: 999

Hypothecation of Vehicle Loan
* For Mode of Interest Calculation, Rebate and Penal details, see the footnote bellow.


Long Term Loan
* For Mode of Interest Calculation, Rebate and Penal details, see the footnote bellow.


Perstige Credit Loan
* For Mode of Interest Calculation, Rebate and Penal details, see the footnote bellow.


House Building Loan
* For Mode of Interest Calculation, Rebate and Penal details, see the footnote bellow.

* Rebate at the declared rate for Term Loans will be allowed to those who will make payment according to schedule, however, advance twards Principal may be accepted but no rebate will be allowed if the borrower fails to pay monthly interest usually. In case of Cash Credit and Overdraft accounts, rebate will be allowed to those who will pay the interest within 90 days from he date of last payment regularely and make turn-over of at least 60 % of sanctioned limit during the quarter ending on June, September, December and March. Fraction period of a quarter, if any, to be ignored. Rebate for Demand Loan ( Loan against Pledge of Gold Ornaments) will be allowed to those who will pay the interest within 90 days from the date of drawal / date of last payment regularely.

* Penal Rate of interest at any point of time will be charged, till the defaulted amounts are liquidated in full, from the date of last payment on failed amount of installment only when the failed amount of installment is less than equal to three installments and on the entire outstanding balance if the failed amount of installments become more than three installments.