COVID-19 Special Loan Scheme

Eligibility of borrower:

  • Existing Borrower of the Bank.
  • Having Current account holder of the Bank.
  • Borrower/Partners/Directors/Guarantors must be a member of the Bank.    

Purpose of Loan:

  • To meet Working capital Requirement after Pandemic Situation of COVID-19   

Quantum of Finance:

  • Up to 1 Lac to 25 Lac not more than 20% of Total Sanctioned Amount of Existing Loan

Share Linkage:

  • Borrower must have Bank share Linkage @ 1% of the loan sanction amount      

Repayment period:

  • Maximum 36 Month (First 6 Month Moratorium)

Features:

  • NO PROCESS CHARGE
  • Two Guarantors, out of one must be a non-relative guarantor.    

Security:

  • Mortgage of property (Margin Should be 25% of Valuation)

 

For apply, Visit on your nearest branch.