|Eligibility of borrower||
|Purpose of Loan||
|Quantum of finance||
|Rate of Interest||
10.00 % p. a.
[ A ] Maximum sanction amount should not exceed rupees one crore under this parameter.
[ B ] If an existing one year old regular installment repaying borrower needs further fresh loan in the same name / firm.
[ C ] If an applicant represents a guarantor who is an existing one year old C/C OR Machinery loan holder of our Bank with all other regularities and have mortgaged his own property with the Bank.
[ D ] If an applicant surrenders original Kabja Karar of his own or guarantor’s property having market value equivalent to the loan amount by way of PA in favour of the Bank.
[ A ] Conditions mentioned above under A to D will be applicable.
[ B ] Moratorium period will not be allowed.
[ C ] Interest will be charged 0.50% more than the regular rate.