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Loans and
Advances

Loans and Advances

Offers a wide variety of Retail Loans. Whatever be your need, our range of retail loans will suit your requirement. PLR of the bank is 14.75% w.e.f. 1st September, 2013.

  • Retail
    Loan
  • Corporate Finance

Home - A - Loan

Realize your dream with a complete package to meet all your housing finance needs.

Features & Benefits

  • Interest charged on daily reducing basis
  • No pre-payment / foreclosure charges for Housing Loans
  • Attractive interest rate
  • Simplified documentation
  • Easy repayment options - ECS / Post-dated cheque / Standing Instruction
  • Low processing fees
  • Speedy loan approval
  • Offers Insurance cover for all assets at attractive premium

Purpose : Purchase residential premises

Eligibility : Salaried / Professional / Businessmen

Quantum of loan

  • Up to 80% of agreement value for salaried persons
  • Up to 75 % of Agreement value only (excluding stamping and registration) for professionals
  • Limit up to ₹ 70 Lacs

Documentation : Refer Basic Documents - Retail Loan

In addition to the basic documents

  • Copy of Agreement or Allotment Letter
  • Chain of Agreements in case of re-sale
  • NOC from Society / Builder
  • Share Certificate of the Society in the name of seller
  • Leave & License Agreement if the applicant is currently staying on rent

Security

  • Equitable Mortgage of the premise

Surety

  • 2 Guarantors

Repayment

  • Tenure of 20 Years is available

Privilege

  • Enjoy additional Life Cycle Banking loan against same security with minimum documentation in a hassle-free way

Profina

Fasttrack customized loan for professionals.

Features & Benefits

  • Interest charged on daily reducing basis
  • No pre-payment charges for repayment through own source
  • Attractive interest rate
  • Simple documentation
  • Easy repayment options - ECS/ Post-dated cheque/ Standing Instruction
  • Low processing fee
  • Speedy loan approval
  • Offers Insurance cover for all assets at attractive premium

Purpose

  • Acquisition of premises, equipment, purchase of vehicle, etc.

Eligibility

  • Professional Chartered Accountants, Engineers, MBA Consultants, Architects, Company Secretary, Cost Accountant, Doctor etc

Quantum of loan

  • Up to 100 % for vehicle
  • Up to 90 % for equipment, machinery, computer and premises

Documentation : Refer Basic Documents - Retail Loan

In addition to the basic documents

  • Degree: Professional Degree Certificate
  • Vehicle: Proforma invoice of an authorised dealer
  • Equipment/Computer: Estimate / Quotation
  • Premises
    • Copy of Agreement or allotment letter
    • Chain of Agreements in case of re-sale
    • NOC from Society
    • Share Certificate of the society in the name of seller
    • Leave & license agreement if the applicant is currently staying on rent

Surety

  • 2 Guarantors

Repayment

  • Tenure for vehicle Loans is up to 5 Years and for others up to 120 months including moratorium period

Privilege

  • Enjoy additional Life cycle banking loan against same security with minimum documentation

Vehicle Loan

Zoom ahead in your life.

Features & Benefits

  • Interest charged on daily reducing basis
  • No pre-payment charges for repayment through own source
  • Attractive interest rate
  • Simple documentation
  • Easy repayment options - ECS/ Post-dated cheque / Standing Instruction
  • Low processing fees
  • Speedy loan approval
  • Offers Insurance cover for all assets at attractive premium

Purpose

  • Purchase of new or second-hand vehicle

Eligibility

  • Salaried / Professional / Businessmen

Quantum of loan

  • New Vehicle - up to 90 % of the value
  • Used Vehicle - up to 70 % of the resale value - Max up to 3 years of usage

Documentation : Refer Basic Documents - Retail Loan

In addition to the basic documents

  • Proforma Invoice of an authorised dealer
  • Proof of margin money

Security

  • Hypothecation of vehicle to be financed

Surety

  • 2 Guarantors

Repayment

  • Up to 5 years

Educational Loan

Fulfill your dream of higher education.

Features & Benefits

  • No pre-payment charges for repayment through own source
  • Attractive interest rate
  • Simple documentation
  • Easy repayment options - ECS / Post-dated cheque / Standing Instruction
  • Speedy loan approval
  • Offers Insurance cover of all assets at attractive premium
  • Suitable moratorium for repayment
  • Hassle free disbursement directly to Educational Institution
  • Telegraphic transfer facility for educational courses abroad at nominal cost
  • Covers all academic related expense
  • Concessional rate of interest to female students

Purpose

  • Higher study in India or Abroad
    (Graduation, Post Graduation and other career - oriented courses)

Eligibility

  • Confirmed admission for the course in India or Abroad

Quantum of loan

  • Up to ₹10 Lacs - Higher study in India
  • Up to ₹ 20 Lacs - Higher study abroad

Documentation : Refer Basic Documents - Retail Loan

In addition to the basic documents

  • Copy of Agreement or Allotment letter
  • Undertaking stating source of own funds
  • Proof of admission
  • Estimate of course fee & other expense
  • Fee receipt or proof of payment
  • Copy of Passport & Visa
  • Mark sheet & Certificate of educational qualification

Security

  • Collateral Security

Surety

  • 2 Guarantors
    (one must be a parent)

Repayment

  • 7 years + additional three years moratorium period or course duration whichever is less

Consumer Loan

Covers all your personal needs.

Features & Benefits

  • Interest charged on daily reducing basis
  • No pre-payment charges for repayment through own source
  • Attractive interest rate
  • Simple documentation
  • Easy repayment options - ECS / Post-dated cheques / Standing Instruction
  • Low processing fee
  • Speedy loan approval
  • Offers Insurance cover for all assets at attractive premium

Purpose

  • Purchase Television, Refrigerator, Washing machine, Computers, Dishwasher, Music systems, 2 wheeler, Furniture / Fixtures, Microwave etc

Eligibility

  • Salaried / Professional / Businessmen

Documentation : Refer Basic Documents - Retail Loan

Quantum of loan

  • Rs 2.00 Lacs

In addition to the basic documents

  • Proforma Invoice of an authorised dealer
  • Proof of margin money

Security

  • Hypothecation of article to be purchased

Surety

  • 2 Guarantors

Repayment

  • Up to 5 years

Life Cycle Banking Scheme

Enjoy additional loan anytime without additional security or guarantee.

Features & Benefits

  • Interest charged on daily reducing basis
  • No pre-payment charges for repayment through own source
  • Attractive interest rate
  • Simple documentation
  • Easy repayment options - ECS/ Post-dated cheque/ Standing Instruction
  • Low processing fee
  • Speedy loan approval
  • Offers Insurance cover for all assets at attractive premium

Purpose

  • Renovation & Furnishing
  • Higher Education
  • Consumer durable
  • 2 & 4 wheeler vehicle
  • Medical Equipment
  • Foreign Travel
  • Marriage or other Ceremony
  • Medical Expense

Eligibility

  • Salaried / Professional / Businessmen

Quantum of loan

  • Up to ₹ 2 Lacs

Documentation

  • Documentary evidence of loan purpose

Security

  • Extension of Equitable mortgage

Surety

  • 2 Guarantors

Repayment

  • Up to 7 years

Medifina

A red carpet welcome for medical professionals

Features & Benefits

  • Interest charged on daily reducing basis
  • No pre - payment charges for repayment through own source
  • Attractive interest rate
  • Simple documentation
  • Easy repayment options - ECS/ Post-dated cheque/ Standing Instruction
  • Low processing fee
  • Speedy loan approval
  • Offers Insurance cover for all assets at attractive premium

New Equipment Finance

  • Refinance / Used Asset Finance
  • Funding for Imported Equipment
  • Hospital Infrastructure Finance

Eligibility

  • Professional Medical practitioner

Quantum of loan

  • Up to 100 % of vehicle value
  • Up to 90 % of Equipment & Premises value

Documentation : Refer Basic Documents - Retail Loan

In addition to the basic documents

  • Degree : Professional Degree Certificate
  • Vehicle : Proforma Invoice of an authorised dealer
  • Equipment/Computer : Estimate / Quotation
  • Premises
    • Copy of Agreement or allotment letter
    • Chain of Agreements in case of re-sale
    • NOC from Society
    • Share Certificate of the society in the name of seller
    • Leave & license agreement if the applicant is currently staying on rent

Security

  • Mortgage of assets financed

Surety

  • 2 Guarantors

Repayment

  • Up to 10yrs (Including Moratorium)

Mortgage Loan

Mortgage your needs for a happier future.

Features & Benefits

  • Interest charged on daily reducing basis
  • No pre-payment charges for repayment through own source
  • Attractive interest rate
  • Simple documentation
  • Easy repayment options - ECS / Post-dated cheques / Standing Instruction
  • Low processing fee
  • Speedy loan approval
  • Offers Insurance cover for all assets at attractive premium

Purpose

  • House repairs, Investment in business or profession, Higher education, Expenses for marriage, thread ceremony, medical and old debts

Eligibility

  • Salaried / Professional / Businessmen

Documentation : Refer Basic Documents - Retail Loan

In addition to the basic documents

  • House Repairs : Estimate of repairs and renovation
  • Business : Audited statement of accounts & tax returns- 3 years with purpose
  • Medical : Medical bills
  • Ceremony : Invitation card and estimate of expenditure
  • Pay off old debts : Acknowledgment of debt

Security

  • Mortgage of residential or commercial property

Surety

  • 2 Guarantors

Repayment

  • Up to 7 years

Personal Loan

Mortgage your needs for a happier future.

Features & Benefits

  • Interest charged on daily reducing basis
  • No pre-payment charges for repayment through own source
  • Attractive interest rate
  • Simple documentation
  • Easy repayment options - ECS/ Post-dated cheque / Standing Instruction
  • Low processing fee
  • Speedy loan approval
  • Offers Insurance cover for all assets at attractive premium

Purpose

  • House repairs, Higher education, Expenses for marriage, thread ceremony, medical and old debts

Eligibility

  • Salaried / Professional / Businessmen

Quantum of loan

  • Up to ₹ 2 Lacs

Documentation : Refer Basic Documents - Retail Loan

In addition to the basic documents

  • House Repairs : Estimate of repairs and renovation
  • Education : Proof of Admission and estimate of expenditure
  • Business : Audited statement of accounts & tax returns- 3 years with purpose
  • Medical : Medical bills
  • Ceremony : Invitation card and estimate of expenditure
  • Pay off old debts : Acknowledgement of debt

Security

  • 2 or 3 Guarantors

Repayment

  • Up to 5 years

Swayamsiddha

Loan for professional women

Features & Benefits

  • Interest charged on daily reducing basis
  • No pre - payment charges for repayment through own source
  • Attractive interest rate
  • Simple documentation
  • Easy repayment options ECS / Post-dated cheque/ Standing Instruction
  • Low processing fee
  • Speedy loan approval
  • Offers Insurance cover for all assets at attractive premium

Purpose

  • Purchase Office premises, Furniture, Computer and Equipment, etc

Eligibility

  • Self - Employed / Professional / Businesswomen

Quantum of loan

  • Up to 90 % of capital asset

Documentation : Refer Basic Documents - Retail Loan

Security

  • Hypothecation / Mortgage of asset to be financed

Surety

  • 2 Guarantors

Repayment

  • Up to 7 years

Stree Udyogika

Loan for women entrepreneurs

Features & Benefits

  • Interest charged on daily reducing basis
  • No pre - payment charges for repayment through own source
  • Attractive interest rate
  • Simple documentation
  • Easy repayment options ECS / Post-dated cheque/ Standing Instruction
  • Low processing fee
  • Speedy loan approval
  • Offers Insurance cover for all assets at attractive premium

Purpose

  • Acquisition of Office premises / Industrial gala, Office- equipment, Machinery, Furniture & fixtures, Working capital, etc

Eligibility

  • Manufacturing / Service unit run by women entrepreneurs

Quantum of loan

  • 80%

Documentation : Refer Basic Documents - Retail Loan

Security

  • Hypothecation / Mortgage of asset to be financed

Surety

  • 2 Guarantors

Repayment

  • Up to 7 years

Stree Sakhi

Loan for working women.

Features & Benefits

  • Interest charged on daily reducing basis
  • No pre - payment charges for repayment through own source
  • Attractive interest rate
  • Simple documentation
  • Easy repayment options ECS / Post-dated cheque/ Standing Instruction
  • Low processing fee
  • Speedy loan approval
  • Offers Insurance cover for all assets at attractive premium

Purpose

  • Purchase of Consumer durables

Eligibility

  • Salaried / Professional / Businessmen

Quantum of loan

  • Up to Rs 2.00 Lacs

Documentation : Refer Basic Documents - Retail Loan

Security

  • Hypothecation of asset to be purchased

Surety

  • 2 Guarantors

Repayment

  • Up to 5 years

Apply Now

Conditions Apply

Working Capital (Cash Credit)

Working capital finance by way of cash credit to fund day-to-day business operations.

Features & Benefits

  • Interest charged on a daily product basis, at monthly rest
  • Simple documentation
  • Low processing fee
  • Speedy approval
  • All services under one roof

Purpose

  • To meet the working capital requirement of business in the form of cash credit facility against inventory and book debts

Eligibility

  • Promoters with a satisfactory background

Quantum of Facility

  • Based on turnover, as per RBI guidelines

Documentation : Refer Basic Documents - Corporate Loan

Security

  • Primary : Hypothecation of stock & book debts
  • Collateral : If required, case to case basis

Over Draft Against Property

Overdraft against property to increase business opportunities.

Features & Benefits

  • Interest charged on a daily product basis, at monthly rest
  • Simple documentation
  • Low processing fee
  • Speedy approval
  • All services under one roof

Purpose

  • To meet the working capital requirement

Eligibility

  • Promoters with a satisfactory background

Other Norms

  • 15 % for Trading and 20 % for Manufacturing of the turnover
  • 60 - 75 % of valuation of the property
  • Minimum current ratio of 1.05 : 1
  • Profit record of minimum 2 years
  • Audited balance sheet of the previous year

Documentation : Refer Basic Documents - Corporate Loan

Security

  • Hypothecation of stock, book debts and mortgage of immovable property

Bank Guarantee

To satisfy your need of advance payment or performance guarantee.

Features & Benefits

  • Simple documentation
  • Low processing fee
  • Speedy approval
  • All services under one roof

Purpose

  • Security deposit, retention money/mobilization/performance guarantee, bid bond etc

Eligibility

  • Promoters with a satisfactory background

Documentation : Refer Basic Documents - Corporate Loan

Security

  • Cash margin backed by acceptable collaterals

Term Loan

Finance for purchase of fixed assets.

Features & Benefits

  • Loan is either in one stroke or in stages to the extent of limit sanctioned, with contribution of own margin
  • Interest charged on daily reducing basis, at monthly rest
  • Simple documentation
  • Low processing fee
  • Speedy approval
  • All services under one roof

Purpose

  • To fund new projects & to acquire assets for existing unit

Eligibility

  • Promoters with a satisfactory background

Quantum of Loan

  • Maximum 75% of assets to be acquired

Documentation : Refer Basic Documents - Corporate Loan

Security

  • Primary : Hypothecation of movable assets / Equitable / Registered mortgage of immovable property
  • Collateral : If required, case to case basis

LC Discounting

Designed to meet your business requirement.

Features & Benefits

  • Interest charged on upfront basis for the unexpired usance
  • Low rate of interest as compared to PLR
  • Simple documentation
  • Low processing fee
  • Speedy approval
  • All services under one roof

Purpose

  • To finance business requirement

Eligibility

  • Bills backed by confirm local inland L/Cs of reputed bank with tenure not exceeding 180 days
  • NOC, if enjoying credit facilities from financial institutions

Documentation : Refer Basic Documents - Corporate Loan

Security

  • L/Cs / Bills payment confirmed by Bank

Busifina

Funds meant to augment working capital for small and medium business enterprises.

Features & Benefits

  • Interest charged on daily reducing basis, at monthly rest
  • Simple documentation
  • Low processing fee
  • Speedy approval
  • All services under one roof

Purpose

  • To augment working capital

Eligibility

  • Promoters with a satisfactory background

Other Norms

  • 60 - 75 % of valuation of assets as per book value

Documentation : Refer Basic Documents - Corporate Loan

Security

  • Hypothecation / mortgage of asset already purchased

SME Finance

Funds to bolster the working of a small and medium business enterprise.

Features & Benefits

  • Interest charged on daily reducing basis, at monthly rest
  • Simple documentation
  • Low processing fee
  • Speedy approval
  • All services under one roof

Purpose

  • Term loan / Working capital to meet business requirement

Eligibility

  • Promoters with a satisfactory background

Documentation : Refer Basic Documents - Corporate Loan

Security

  • Primary : Hypothecation of movable assets / Equitable / Registered mortgage of immovable property
  • Collateral : If required, case to case basis

Letter of Credit

To help you procure raw material or acquire fixed assets.

Features & Benefits

  • Simple documentation
  • Low processing fee
  • Speedy approval
  • Comprehensive business services under one roof

Purpose

  • To procure raw material or fixed assets

Eligibility

  • Promoters with a satisfactory background

Documentation : Refer Basic Documents - Corporate Loan

Security

  • Primary : Asset to be procured under letter of credit with cash margin
  • Collateral : If required, case to case basis

Bill Discounting

Designed to meet your business requirement.

Features & Benefits

  • Interest charged on upfront basis for the unexpired usance
  • Simple documentation
  • Low processing fee
  • Speedy approval
  • All services under one roof

Purpose

  • Fund business requirement

Eligibility

  • Bills accepted by limited company with a good repute
  • Bills not exceeding 90 days usance
  • NOC, if you’re enjoying credit facilities from financial institutions

Documentation : Refer Basic Documents - Corporate Loan

Security

  • Accepted bills of exchange / Hundi's

Rent Discounting

Discount your future income to multiply returns and investment in assets.

Features & Benefits

  • Interest charged on daily reducing basis
  • Simple documentation
  • Low processing fee
  • Speedy approval
  • All services under one roof

Purpose

  • To meet financial requirement

Eligibility

  • 90 % of net rent receivable for the unexpired period of lease (Net of TDS and advance rent)

Quantum of Facility

  • Up to 70 % of the market value of the security offered or actual rent to be received after discounting; whichever is lower

Documentation : Refer Basic Documents - Corporate Loan

Security

  • Equitable / Registered mortgage of property given on rent

Apply Now

Conditions Apply