Loan Against Bajpay Rojgar

Eligibility of borrower:

  • Having current/saving account holder of the Bank.
  • Borrower must be a member of the Bank.

Purpose of Loan:

  • As per Policy of Regularity.

Quantum of Finance:

  • As per Policy of Regularity.

Share Linkage:

  • Borrower must have Bank's share linkage @ 1% of the loan sanction amount.

Features:

  • Loan tenure up to 96 months.
  • Nominal Processing Charge.
  • 2% loan closure charge of loan outstanding amount will be charged, In case of Loan closed above Rs. 10 Lacs through Bank transfer.
  • Easy Process
  • Interest is to be charged on reducing balance method.
  • Two Guarantors, out of one must be a non-relative guarantor.

Security:

  • Mortgage of property