Any individual member of the Bank.

Term Loans.

Upto maximum of Rs. 20.00 lac subject to repayingcapacity of the Borrower and also subject to thecondition that it does not exceed 30 times of the monthly income of the borrower.

For repair, additions/alteration, renovation etc of   his/her own house or house in the name of  spouse/father/mother or in the name of father/mother in law in case of  married female members.

Any other legitimate requirement of funds except for speculative purpose, like; marriage of dependents,   to meet expenses on medical treatment and/or education of dependents,  etc subject to submission of  documentary evidence for the same to the satisfaction of the bank.

15% of the cost of repair, renovation etc. and suitable margin on the value of mortgaged property in other cases.

As per Bank’s rules from time to time.

As per Bank’s rules from time to time.

Maximum upto84 equal monthly instalmentswith interest,including the period of moratorium if any,  subject to the condition that  monthly instalment and other deductions of  the respective  borrower should  not normally exceed 60% of the applicant’s monthly salary.

Mortgage of respective immovable property or any other property owned by the borrower or the surety.

LoansuptoRs. 1.00 lac may also be considered against the undertaking of the employer to ensure the repaymentof the proposed loan by the borrower by way of   attachment of his/her salary and other terminal benefits   as required by the bank, in case of default.(Employer’s  Consent Note) on merit of individual case.

For a loan uptoRs. 1.00 Lac  a minimum of 2 sureties and for a loan above Rs. 1.00 Lac a minimum of  3 respectable sureties of good means  to the satisfaction of Bank, preferably an employee of any Government or Semi Government department, Autonomous body or  local bodies or  Public Sector Undertakings and also of  reputed Public limited Companies with at least 3 years of continuous service.

In case, the borrower is in the service of Private Sector or in business or profession, atleast 2 sureties of good  means who are necessarily be in the employment of Government or Semi Government Department, or Autonomous body, or local bodies or Public Sector Undertakings and also in the Public Limited Co’s of high reputation with a continuous service of a   minimum of three years.

Borrower to submit the proof of his/her  income like; Salary certificate/ Pay Slip  and/orIncome Tax Return or Affidavit about his / her income, if the same is  below the taxable limit or copies of latest financial statements in case borrower is  in business or profession and that of all the sureties.

Estimate of cost of repair/renovation etc from a registered Architect to be submitted.