|Eligibility of borrower|| * Having current / saving account holder of the Bank.
* He/she must be a member of the Bank or
|Purpose of Loan||* Social ceremonies of the members.
* Medical treatment of the members and his family members.
* Educational expenses of his children.
* Repairing of his residential house.
|Quantum of finance||Maximum limit Rs.5.00 lac subject to repaying capacity of borrower.|
|Share Linkage||Borrower must have Bank share holding @ 2.5% of the loan sanction amount.|
|Repayment period||Maximum 60 months.|
|Rate of Interest||13% p. a|
|Security||* Two personal guarantors, having their own residential buildings.
* In case of employee, have to produce authority latter of deduction from salary.