We have various loan schemes tailor made for the requirements of all types of customers of such as agriculturists, self employed persons, entrepreneurs, MSME borrowers, traders and to meet the requirements of individuals (Housing, Vehicle, traders, construction of shopping complex etc. Important among them are furnished below.
KISAN CREDIT CARD (KCC) LOAN SCHEME
KCC is a single window farmer friendly credit assistance scheme to meet crop cultivation expenses and other needs such as post harvest expenses, working capital for maintenance of farm assets, activities allied to agriculture, working capital requirement of nonfarm activities and consumption requirements. Rupay Kisan Credit Card is issued to KCC account holders for enabling easy operation in the account.
KCC limit fixed for a period of for 5 years, subject to annual review of activities of agriculturists.
The KCC short term credit limit is in the nature of revolving cash credit facility. The drawings from the KCC limit can be made at the branch, through cheque facility or withdrawal through ATMs.
VEHICLE LOANS UNDER CONSUMER DURABLE LOAN SCHEME (CDLLHV)
Loans for purchase of all types of cars, jeeps, small vans and two wheelers. Loan is available for both brand new and used vehicles. In case of second hand vehicles, the age of the vehicle should not be more than five years.
Individuals including salaried class, professionals, businessmen and other non salaried class are eligible.
90% of the cost of vehicle including initial tax and insurance subject to a maximum of Rs.20 lakhs will be sanctioned for new vehicles .In the case of second hand vehicle 70% of the appraised value is eligible for sanction.
VEHICLE LOAN TO SMALL ROAD TRANSPORT OPERATORS (LHV SRTO)
Loans for purchase of vehicles (new &second hand vehicles) to be used for transportation of products/goods/farm products, passengers etc. In the case of second hand vehicles, age of the vehicle should not exceed 5 years.
Individuals, partnership firms/ proprietary concerns, companies, trusts etc. are eligible.
GOLD LOANS BY PLEDGING GOLD JEWELLERY
Gold loan is the speedy and easiest mode of obtaining finance. At present the Bank has got 4 gold loan schemes for catering to the various segments of customers. viz
- Agricultural Gold Loan scheme(AGL)- to meet crop cultivation expenses.
- Agricultural Gold Loan for non crop purposes(AGLNC)
- Micro Gold Loan(.MGL)- to meet the requirements of self employment entrepreneurs.
- NPGL- To meet any types of requirements of our customers .
Any individual complying with KYC norms and having a SB account with the Bank are eligible for gold loan.
GRAMIN HOUSING LOAN (GHL) SCHEME
We provide housing loan facility under our Grameen Housing Loan scheme. Loan facility is available for purchase of a ready built house / flat, construction of house / flat, purchase of a site and construction of a house thereon. Loans are also available for undertaking repairs, renovation, up gradation, creation of additional amenities, subject to the satisfaction of the bank.
In the case of purchase of built house the age of the house should not be more than 5 years and value of land should not be more than 1/3rd of the total purchase value.
LOANS TO NRIs
We also provide housing loans and vehicle loans to NRIs similar to the facility available to domestic customers.