Eligibility of borrower
    • Having current / savings account holder of the bank.
    • Having good reputation and Credit worthiness and profit making firm.
    • Applicant must be a member / nominal member of the Bank.
Purpose of Loan
  • For any type of social and commercial need.
Quantum of finance
  • Maximum Rs. 50,000.00
Share Linkage
  • Borrower must have Bank’s share holding @ 5% of the sanctioned loan amount.
Repayment Period
  • Maximum 36 months
Rate of interest
  • 16 % [2 rebate = 14 % net].
Security
  • Two personal guarantors, having good credit worthiness.