Eligibility of borrower:

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

Purpose of Loan:

• Repairing/renovation of property.
• Purchase of Second hand Vehicle.
• Capital requirement in business.
• Any other purpose except Social purpose.

Quantum of Finance:

• Maximum finance up to Rs. 5 Lakhs subject to repaying capacity of borrower.

Share Linkage:

• Borrower must have Bank's share linkage @ 2.5% of the loan sanction amount.

Features:

• Loan tenure up to 48 months.
• Nominal Processing Charge.
• No Pre-payment/fore-closure charges.
• Easy Process
• Interest is to be charged on reducing balance method.
• Two Guarantors, out of one must be a non-relative guarantor. (One guarantor should have a property & other one should have good income).