Eligibility

 Any person with assured monthly Income acceptable to the Bank.

 Purpose

Repair/ Renovation Furnishing of house, construction of compound wall / to meet marriage expenses of self or close relatives

 Rate of interest

 12.50%*

Repayment Tenure

Upto 10 Years

 Surety

Minimum one guarantor with sufficient net worth

 Security

Mortgage of unencumbered immovable property belonging to the applicant.

 Margin

Maximum permissible amount shall be 60% of the valuation of property or 75% of the estimate ,which ever is lower

 Other Terms

Membership is necessary for the borrower and sureties to avail this loan.

 * Floating rate of interest