Eligible category of borrowers
- Regular members of our bank only
Line of activity
- Parents engaged in business/professional services having good turnover/income.
Quantum of loan
- As mentioned in Interest chart
- Immediately after securing job or with in six months from the date of completion of course whichever is earlier.
Rate of Interest
- As mentioned in Interest chart (Subject to changes / revision from time to time)
- For higher education
- Simple Mortgage of the property / other movable Asset by way of hypothecation.
- As applicable
- 2 sureties who are necessarily to be Regular members / Nominal members of the bank.
- As applicable.
- Specified loan application.
- Guarantor’s declaration form.
- Address and income proof of both borrower & sureties.
- IT Assessment orders (3 years) / Audited Financial statements.
- All original property documents.
- Valid legal opinion / valuation report on the property along with Insurance
- Required margin as the case may be
- Share certificate/Nominal membership
- Any other letter/document related to the activity/purpose as the case may be.
- Other terms & conditions as applicable.
For more details / clarification please contact your nearest branch.
|Upto Rs. 1.00 Lakhs||10.00%|
|>Rs 1.00 Lakhs to Rs 4.00 Lakhs||12.00%|
|>Rs 4.00 Lakhs to Rs. 10 Lakhs||13.00%|