Loan

Business Overdraft loan

  • Purpose: Financing on current assets of the business.
  • Nature: Revolving & renewable.
  • Disbursement: Limit is provided on the account and the borrower can withdraw the amount within limit as per need.
  • Principal Repayment: Full within expiry.
  • Interest Repayment: On monthly basis before expiration date.
  • Tenure: Maximum one year period.

Education Loan

  • Purpose: Financing on educational expenses including tuition fee, study material & accommodation.
  • Nature: Non-revolving & non-renewable.
  • Disbursement: 70-90% of the expenses amount partially as per the need.
  • Principal Repayment: On equated monthly installment basis (EMI) or half yearly or yearly basis.
  • Interest Repayment: On monthly basis.
  • Tenure: Maximum 15 years from the last disbursement date.

Home Loan

  • Purpose: Financing on purchase of land, purchase of land & building, construction/renovation of building.
  • Nature: Non-revolving & non-renewable.
  • Disbursement: In case of purchase/renovation, full amount after complete documentation and in case of construction, first disbursement maximum 25% of the total loan amount only after completion of DPC level and other disbursements as per requirement verifying the utilization of the previous disbursed amount.
  • Principal Repayment: After completion of the construction/renovation, on equated monthly installment (EMI) or half yearly or yearly basis.
  • Interest Repayment: On monthly basis.
  • Tenure: Maximum 10 years from the last disbursement date.

Hire Purchase loan

  • Purpose: Financing on vehicle for personal as well as business use.
  • Nature: Non-revolving & non-renewable.
  • Disbursement: 50% amount after taking charge on vehicle and obtaining insurance policy, for releasing payment to the vendor.
  • Principal Repayment: On equated monthly installment (EMI) or half yearly or yearly basis.
  • Interest Repayment: On monthly basis.
  • Tenure: Maximum 10 years from the last disbursement date.

Agriculture loan

  • Purpose: Financing on crop harvesting, animal husbandry, poultry farming etc.
  • Nature: Non-revolving & non-renewable.
  • Disbursement: Full amount disburse after mortgage deed.
  • Principal Repayment: On equated monthly installment (EMI) or half yearly or yearly basis.
  • Interest Repayment: On monthly basis.
  • Tenure: Maximum 7 years.

Deprived Loan


  • Purpose: Financing to enhance working capability of poor people.
  • Nature: Non-revolving & non-renewable
  • Disbursement: Full amount disburse after mortgage deed.
  • Principal Repayment: On equated monthly installment (EMI) or half yearly or yearly basis.
  • Interest Repayment: On monthly basis.
  • Tenure: Maximum 5 years.

Foreign Employment Loan


  • Purpose: Financing on foreign employment
  • Nature: Non-revolving & non-renewable.
  • Disbursement: Full amount disburse after obtaining passport, employment visa of foreign company and mortgage deed.
  • Principal Repayment: On equated monthly installment (EMI) or half yearly or yearly basis.
  • Interest Repayment: On monthly basis.
  • Tenure: Maximum 5 years from the last disbursement date.