Toll Free : 1800 233 7722    GST No. : 24AAAAT2885P2ZW

Retail Loans

Purpose

  • Purchase/Constuction of Residential Property (Flat/Bungalow/house)& Extension of Existing Property for Residential Purpose

Eligibility

  • Individuals

Features

  • Loan tenure upto 5 years/10 years/15 years
  • Nominal Processing Charge
  • No Hidden Charge
  • No Pre-payment/fore-closure charges
  • Interest is charged on reducing balance on daily basis
  • Maximum finance upto 80% of the cost of property
  • 2 Guarantors, if Required

Documents Required (Illustrative Only)

(Applicants & Guarantors)
Salaried Self-employed/ Professional Self- employed Businessmen
PAN, Election Card, Driving Licence, Passport Etc.
Resi Proof: Property Tax bill, Light Bill, Telephone Bill, Gas Bill
Form 16, Last 3 Years ITR (Computation of Income, P&L, Balance Sheet) for last 3 Years    ITR  for last 3 years
Salary Slip of last 6 Months Proof of Profession/Vocation/Business
Last 6 Months' Bank Statements Last 6 Months' Bank Statements (self & Business)
Loan Statements & Sanction Letter of Existing Loans (If any)

Other parameters considered include age, income, number of dependents, financial stability and Family Member's income.

Master file of the property, Copy of Approved Plan.

Any other document/certificates as required by Bank

Security : Security for the loan is first mortgage of the property to be financed.
Other Liquid security as required by the bank

Charges & Fees:Charges of Title report and Valuation report are to be borne by applicant.

Purpose : For study in India / Abroad       
Eligibility

  • Student must be Indian Resident        
  • Must possess 10+2 or equivalent Educational Qualifications        

Course Eligible

  • Approved courses for Graduation/Post Graduation & PG Diplomas by UGC/Govt./AICTE etc        
  • Regular Degree/Diploma courses approved by Director General of Civil Aviation        
  • Degree/Diploma courses offered by reputed foreign univerisities        

Features    

  • Maximum finance as prescribed by RBI from time to time        
  • Presently, ` 10 lacs for study in India & ` 20 lacs for study Abroad        
  • Principal repayment to start after 6 Months of completion of course or getting the job, whichever is earlier        
  • Monthly interest on loan outstanding is to be serviced during the course        
  • Expenses covered under the loan are Tuition Fees, Examination fees, Books / Stationery / Equipments/ Lodging & Boarding/travel expenses / insurance premium for student /study tours/project work, thesis, etc.       
  • Concessional rate of interest for girl student  
Documents Required (Illustrative Only)
Student Parents/Guardian Guarantor
PAN, Election Card, Driving License, Passport Etc.
Resi Proof: Property Tax bill, Light Bill, Telephone Bill, Gas Bill
Copy of Mark Sheets/ Certificates (SSC onwards) ITR  (Computation of Income, P&L, Balance Sheet)/ Form No. 16 for last 3 Years    ITR  for last 3 years
Admission letter of Govt recg. University/ Institute Last 6 Months Bank Statements (self & Business)   
Letter of University regarding total fees, Course duration & other expenses (Lodging & Boarding, Books Etc)
Admission letter of Govt recg. University/ Institute
Proof of Business Existence   
Loan Statements & Sanction Letter of Existing Loans (If any)   
Any other document/certificates as required by Bank   


Security (any one)
Property        
City Survey/ 7/12 copy of Property to be mortgaged, Municipal Tax bill & receipt, Sale Deed, Index Copy etc.       

Government Security : NSC/KVP        
List of Securities showing certificate number, holders’ name, branch name & amount with signature of the holders & Xerox copy of the security.        

Insurance policies        
Surrender value quotation of the policy of Life Insurance Policies        
Other investment details with proof   

Charges & Fees    Charges of Title and Valuation are to be borne by applicant.

Purpose

  • Purchase of 2 Wheeler, 4 Wheeler for Personal use    
  • Purchase of 2nd hand 4 Wheeler for Personal use    
  • Purchase of Commercial Vehicle    

Eligibility    Individuals & Business Entity        

Features

  • Loan tenure upto 40 months        
  • Nominal Processing Charge        
  • No Hidden Charges        
  • No Pre-payment/fore-closure charges         
  • Easy Process        
  • Interest is charged on reducing balance on daily basis        
  • Maximum finance upto 85% of the cost of new Vehicle &        
  • Upto 75 % of the cost of Old Vehicle (Terms Apply)        
  • Age of Vehicle    Maximum Loan    
  • Upto 2 Years       75%    
  • 2 < 3 Years          50%    
  • 2 Guarantors, if Required        
Documents Required (Illustrative Only)
Salaried Proprietorship firm Partnership Firm Pvt. Ltd Co.
PAN, Election Card, Driving License    PAN of Firm and all Partners PAN of the Co. & all Directors
Resi Proof: Property Tax bill, Light Bill, Telephone Bill, Gas Bill Resi Proof of all partners Resi Proof of all Directors
Form 16, Last 3 Years ITR  (Computation of Income, P&L, Balance Sheet) for last 3 Years ITR  (Computation of Income, P&L, Balance Sheet) for last 3 Years of Firm and Partners ITR  for last 3 years of Co. & All Directors
Salary Slip of last 6 Months Proof of Business Existence
Last 6 Months Bank Statements Last 6 Months Bank Statements (self & Business)
 Sanction Letter & Loan Statements of Existing Loans (If any)
Any other document/certificates as required by Bank


Security

  • Hypothecation of Vehicle to be purchased    
  • Any additional security depending upon the case    

 

 

Loan against NSC/KVP/LIC Policies/Govt Sec.


Purpose

  • For Personal/Business requirements

Eligibility

  • Individuals & Business Entity                

Features

  • Loan upto 60 months
  • Nominal Processing Charge
  • No Hidden Charge
  • No Pre-payment/fore-closure charges
  • Interest is charged on reducing balance on daily basis
  • Finance available upto 90% of value of Security
  • EMI must be served regularly
  • No Guarantors Required

 

Documents Required (Illustrative Only)

(Applicants & Guarantors)
Salaried Self-employed/ Professional Self- employed Businessmen
PAN, Election Card, Driving Licence, Passport Etc.
Resi Proof: Property Tax bill, Light Bill, Telephone Bill, Gas Bill
Form 16, Last 3 Years ITR (Computation of Income, P&L, Balance Sheet) for last 3 Years    ITR  for last 3 years
Salary Slip of last 6 Months Proof of Business Existence
Last 6 Months' Bank Statements Last 6 Months Bank Statements (self & Business)
Loan Statements & Sanction Letter of Existing Loans (If any)

Any other document/certificates as required by Bank

Security

  • Pledge of NSC/KVP, Assignment of LIC Policies
  • Other parameters considered include age, income, number of dependents, financial stability, Family Member's income & past track record etc.

 

Purpose    Purchase of Shop, Factory Shed, Office (Business Premises)    

Eligibility    Individuals, Partnership firms & Pvt Ltd Co.    

Features

  • Loan tenure upto 84 months    
  • Nominal Processing Charge    
  • No Hidden Charges    
  • No Pre-payment/fore-closure charges     
  • Easy Process    
  • Interest is charged on reducing balance on daily basis    
  • Finance available upto 70% of the property Value    
  • 2 Guarantors, if required   

Documents Required (Illustrative Only)
Salaried Proprietorship firm Partnership Firm Pvt. Ltd Co.
PAN, Election Card, Driving License    PAN of Firm and all Partners PAN of the Co. & all Directors
Resi Proof: Property Tax bill, Light Bill, Telephone Bill, Gas Bill Resi Proof of all partners Resi Proof of all Directors
Form 16, Last 3 Years ITR  (Computation of Income, P&L, Balance Sheet) for last 3 Years ITR  (Computation of Income, P&L, Balance Sheet) for last 3 Years of Firm and Partners ITR  for last 3 years of Co. & All Directors
Salary Slip of last 6 Months Proof of Business Existence, Business address proof
Last 6 Months Bank Statements Last 6 Months Bank Statements (self & Business)
 Sanction Letter & Loan Statements of Existing Loans (If any)
Any other document/certificates as required by Bank

Security : Property        
            
Charges & Fees :   Charges of Title and Valuation are to be borne by applicant.