A loan is the act of giving money, property or other material goods to another party in exchange for future repayment of the principal amount along with interest or other finance charges.

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.