Other Loans

Loan against deposits

  •  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 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.