Vehicle Loan
| Title | Norms |
|---|---|
| Purpose | Purchase of New Car and Two Wheeler |
| Eligibility |
• Salaried persons with minimum one year confirmed service • Businessmen / self-employed with regular income |
| Loan Limit |
• Up to ₹1 Crore for 4 Wheeler • Up to ₹2 Lakh for 2 Wheeler |
| Basis of Advance |
• Salaried: Max 40× Avg Net Monthly Salary • Business: Max 5× Net Cash Accruals |
| Margin |
• 20% for Two Wheeler • 10% for Four Wheeler |
| Repayment Period | 3 – 5 Years |
| Interest Rate | 9.90% |
| Processing Fees | 1% of Loan Amount + GST |
| Security | Hypothecation of Vehicle |
Home Loan
| Title | Norms |
|---|---|
| Name of Scheme | Home Loan Scheme (only Mahila Member) |
| Loan Amount | Up to ₹1.5 Crore |
| Type of Loan | Term Loan |
| Interest Rate | 8.5% p.a |
| Loan Period | Up to 20 Years |
| Margin | 30% – 40% from own source |
| Guarantor | One spouse/family member and second well worthy guarantor |
| Mortgage | Registered mortgage before disbursement |
| Security | Registered mortgage of property purchased |
Gold Loan
| Title | Norms |
|---|---|
| Scheme Name | Akshay Tritiya Gold Loan Scheme |
| Purpose | Loan against gold jewellery |
| Gold Valuation |
• 24 Carat – ₹7000 per gram • 22–23 Carat – ₹6000 per gram |
| Loan Disbursement | 70–80% of Gold Valuation |
| Repayment | Monthly EMI |
| Interest Rate |
• 9% Gold Mortgage • 9% Gold Purchase • 11% Gold CC Limit |
| Margin | 20% on Market Rate minus ₹3000 |
| Processing Fee |
• Up to ₹10 Lakh – 0.5% + GST • Above ₹10 Lakh – 0.25% + GST |
Personal Loan
| Title | Norms |
|---|---|
| Name of Scheme | Navratri Personal Loan Scheme |
| Loan Amount | ₹1,00,000 – ₹3,00,000 (As per CIBIL) |
| Type of Loan | Unsecured |
| Interest Rate | 12% p.a |
| Loan Period | 12 – 60 Months |
| Repayment | Monthly EMI |
| Guarantor | One well worthy guarantor / spouse |
| Charges |
• 3% Shares • 1% Management Charge • 1% Processing Fee + GST |