| Overdraft against Fixed Deposits |
- Limit upto 80% on Fixed Deposit Amount.
- Rate of Interest + 2% for Individuals & + 1% on FIRM FDR
For more details contact your nearest Branch.
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| Overdraft against NSC / KVP / Govt. Securities |
- Limit upto 80% on Security Amount.
- Rate of Interest 12%
For more details contact your nearest Branch.
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| Overdraft against Property Mortgage |
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Eligibility Criteria :
- For the purpose of Business.
- Loan maximum up to 50 % Valuation of the property by the Bank’s approved valuer .
- Property offered for mortgage requires Titles Clearance certificate from Bank’s approved advocate ( This requires before disbursement of loan ).
- Amount of Credit Facility will depend upon the nature of business of the applicant and the worth of the personal guarantees offered.
- Personal Guarantee of at least two persons having income / asset expectable to the Bank.
For more details contact your nearest Branch.
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| Cash Credit against Stocks & Book Debts |
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Eligibility Criteria :
- For the purpose of Business.
- Maximum credit facility @ 20 % of the Annual Sales Turnover. (Own contribution @5% of the C.C. Limit sanctioned is required).
- Amount of Credit Facility will depend upon the nature of business of the applicant, offering of collateral security and the worth of the personal guarantees.
- Personal Guarantee of at least two persons having income / asset expectable to the Bank.
For more details contact your nearest Branch.
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