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.