Loans & Advances

EDUCATION LOAN

Basic of Education Loan

· Abroad Rs 20/- Lacs (MAX)

· Domestic Rs.10/- Lacs (MAX)

· Interest Rate : 08.75%* to 10.00%*

Applicant Details

· Qualification Certificate

· Leaving Certificate

· College Certificate

· Fee payable to college.

· Expense statement.

· Copy of last three years Income Tax returns/ Pay slip of last 3 Months.

· 3 Photographs of Applicant

· Passport & Visa [if admission in foreign University]

· Address proof - Electric bill / Telephone bill / Aadhar card (any one) As per KYC norms.

· Photo proof - Pan card / Voter card / Driving license (Any one) As per KYC norms

· Applicant has to show all original documents to the bank for verification with zerox copy. Original documents will be returned to applicant after verification.

· Applicant should have Savings/ current Bank account with the bank.

Guarantor Details

· Photograph-2 copies

· Last tax bill

· Last income tax return copy /Pay Slip

· Address proof - electric bill /telephone bill (any one)

· Photo proof - Pan card / Voter card / Driving license/Aadhar card (Any one)

Conditions

· Approved courses leading to graduate/post graduate degree and PG diplomas conducted by recognized colleges / universities recognized by UGC / Govt. / AICTE / AIBMS / ICMR etc.

· Courses like ICWA, CA, CFA etc.

· Courses conducted by IIMs, IITs, IISc, XLRI. NIFT,NID etc.

· The above list is indicative in nature. Bank may approve other job oriented courses leading to technical / professional degrees, post graduate degrees / diplomas offered by recognized institutions under this scheme.

· Moratorium Period Equilant to Duration of Cource is allowed.

· Required 100% Collateral Tangible Security

Home Loan

Basics of Home Loan

· Housing Loan upto Rs.140/lacs is available for construction/purchase of old/new flat, bungalow, raw house and also for carryout addition/alteration in the existing residential house.

Applicant Details

· Copy of Last Three years income tax return / Pay slip of last 3 months.

· If Applicant is businessman in that case last three years copies of balance sheet, income tax return of the proprietor/partner,statement of capital account.

· If property is to be purchased under housing scheme,the copies of documents,such as share certificate,allotment-letter,saledeed,revenue records of 7/12.

· Copy of authorised building plan.

· Copy of receipt of advanced payment-made/copy of agreement to sale

· Copy of title clearance certificate given by the advocate/ solicitor.

· Consent letter from the society about noting of charge of the bank.

· Three copies of Photograph

· Copy of PAN Card

· Address proof - electric bill /telephone bill (any one)

· Photo proof - Pan card / Voter card / Driving license (Any one)

Guarantor Details

· Photograph- two copies

· Last tax bill

· Last income tax return copy

· Address proof - electric bill /telephone bill (any one) As per KYC norms

· Photo proof - Pan card / Voter card / Driving license/Aadhar card (Any one) As per KYC norms

Conditions

· Original documents of property to be submitted to the bank. Registered mortgage of property to be done in favour of bank.Bank charge will be noted in society's record.

· Margin - 15% for new/old property.(Ready possession)

· N.A/.N.O.C and BU permission required for sanction of Housing loan.

· Applicant will have to take insurance of the building in favour of bank.

· Loan amount with interest will be repaid within 240 equal monthly instalments.

· Applicant has to submit original share certificate of the Society/Association, Municipal Tax bill, Tax receipt, sales deed etc, for registered mortgage of the property.

· Title clearance and valuation report will be done by approved lawyer and valuer of the bank. Applicant has to pay their fees.

· Applicant has to take share @ 2.5% of the limit.

Doctor Loan

Advantages of Doctor Loan

· Fixed for first 36 month there after floating.

· Interest application on Daily Reducing Balance

· Flexibility of Clubbing family income for loan eligibility.

· Share linkage 0.50% of loan amount-minimum Rs.2000/- maximum Rs.50,000/-

· Flexibility of making payment more than EMI

· No advance EMI Last EMI amount significantly lower.

· No. Pre-Payment charges.

· No hidden cost or administrative charges.

· Completely transparent procedure.

Eligibility Criteria

· Individuals (Qualified registered medical practitioner) / Partnership firm / Limited Company. In case of partnership firm / limited company, either one of the partner's / director's should be qualified registered Medical practitioner or they should engage the services of Registered Medical Practitioners in the Hospital.

Purpose

· To construct / Purchase hospital building setting up nursing home poly clinics etc. for expansion / modernization of existing hospital permises. To purchase medical equipments and furniture.

· Form of Loan : Term Loan

· Loan Quantum : Maximum of Rs. 15/- Crore.

Interest Rates

· Below Rs. 100 Lakh

8.75*% to 9.00%*Rs.

· 100 Lakh to Rs. 500 Lakh8.75*% to 9.00%*

· Rs. 500 Lakh & above & Multispecialty hospitals with doctors holding more than 51%8.75*% to 9.00%*