- Loan is allowed upto 90% of Deposits (FD/SFD & RD) to the depositors of the Bank.
- Interest 1% above the actual interest rate of deposit is charged.
- Loan is allowed promptly and without loss of any time.
Loan against deposits
Loan against NSC/KVP
Persons, who are holding genuine NSCs/KVPs are allowed loan upto 75% of the value of NSCs/KVPs, after getting lien in Bank’s favour marked from the concerned post office.
Loan against L.I.C. Policy
Persons having regular L.I.C. Policy older than minimum 3 years, the loan may be sanctioned up to 75% of the surrender value of that Policy to be ascertained from L.I.C. of India, and after getting the policy assigned in Bank’s favour by L.I.C. of India.
Non - Fund credit Facility
Bank has the tie up arrangement with reputed commercial banks for catering to the needs of its customers for issuance of financial guarantees and Letter of Credits.