Loans


Loans

Bank offers many types of loans that make it possible for you to realize your dreams. Want a buy your dream home or that great car? Want to go on a world trip with your family or buy a flat panel TV? No matter what you desire, a bank loan will help you realize it.   Bank offers some of the best loans in India, at attractive interest rates and with flexible pay back options. Our bank loans are designed to meet the needs of diverse individuals.

 

 

Business Loan

Whatever be your need we have a loan for you. Over the years we have won the trust of our customers and have become market leader in loan products.

 

Enjoy triple benefits when you take a Loan from   Bank:

•             Faster loan - Our loan sanction and disbursal is one of the quickest with easy documentation and doorstep service.

•             Competitive pricing – Our loan rates and charges are very attractive

•             Transparency – All charges are communicated up front in writing along with the loan quotation

•             p front in writing along with the loan quotation

Features and Benefits of Business Loan

 

You will get some exclusive features and benefits with your   Bank Business Loan

•             In - Principle loan eligibility in 1 Minute online and across all branches

•             Convenience of contacting us through SMS, Webchat, Click2Talk, PhoneBanking and across all Branches

•             Business Loan is also available on the basis of repayment of home loans, auto loans and credit cards.

•             Loan Amount up to Rs. 40 Lakhs (in selected locations you can get up to Rs. 50 lakhs).

•             Flexible repayment options ranging from 12 - 48 Months.

•             Credit Protect Insurance Plan:

We help you take care of your loved ones with a Credit Protect Plan to cover your loan at a nominal premium.*

 

In case of Natural / Accidental Death of the customer, the customer / nominee can avail of the Payment Protection Insurance (Credit Protect) which insures the principle outstanding on the loan up to a maximum of the loan amount.

 

We will charge a premium for this product, and the premium amount will be deducted from the loan amount at the time of disbursal. We will also charge service tax and applicable surcharge/cess at the rates notified by the government.

 

Secure your business loan with Credit Protect.

 

Key benefits of policy

o             Protects the family by paying off the loan amount in case of death of the customer

o             Life Coverage – provides peace of Mind

o             No need to use other savings to repay the loan

o             Tax Benefits as per applicable laws

o             One convenient package - loan + insurance

Eligibility Criteria & Documentation for Business Loan

•             Business Loans available for Proprietor, Partner, Partnership firm, Director. Pvt ltd Company involved in following businesses;

o             Manufacturing

o             Trading - Dealer, Distributor, Stockist, Wholesalers etc

o             Service Providers

•             Applicant should have minimum turnover of Rs. 60 lakhs and the business should be profit-making in the last two years.

•             Be in the current business for 3 years and have 5 years of total business experience

•             Have a minimum annual income (ITR): Rs. 2.50 Lakhs for City Category A, Rs. 2.00 Lakhs for City Category B, and Rs. 1.50 Lakhs for City Category C. (Contact us to know your City Category)

•             Age should be minimum 21 years, and a maximum 65 years at the time of loan maturity

Documentation

•             PAN Card – For Company /Firm/ individual

•             Proof of your identity: Copy of Aadhaar Card/ Passport/ Voter's ID card/ Pan Card/ Driving License

•             Proof of your address: Copy of Aadhaar Card/ Passport/ Voter ID-Card/ Driving License

•             Bank Statement (last 6 months)

•             Last two years ITR along with computation of income, Balance sheet and profit & loss accounts. Your financials should be Certified /Audited by a chartered accountant

•             Proof of Business continuation (ITR/ Trade license / Establishment / Sales Tax certificate)

•             Proof of Ownership of residence or office.

•             Other Mandatory Documents (Sole Proprietor Declaration Or Certified Copy of Partnership Deed, Director Certified true copy of Memorandum & Articles of Association & Board resolution (Original)

•             Loan at the sole discretion of   Bank Ltd.

Features

•             Convenience of contacting us through SMS, Webchat, PhoneBanking and across all Branches

•             Business Loan eligibility in 1 minute available online & across all branches

•             Self employed customers get exclusive higher loan amount

•             Priority processing, simpler documentation and Best in class offerings on loan amount, interest rates and charges, for   bank A/c customers

 

 

Two Wheeler Loans

Two Wheeler Loan

•             2% lower rate and 50% discount on processing fees for account holders

•             Savings up to Rs. 2375/-*

•             Check eligibility in 1 minute. Approval in 15 minutes.

Super Bike Loan

•             Super Bikes of all brands are financed

•             Preferential rates at 12.90% (reducing) for account holders

•             Savings of Rs 12500/-* on Loan amount of Rs 7 lacs for 60 months tenure

•             Tenure up to 60 months

•             Accessory funding up to 2 lacs

 

 

Car Loans

You no longer have to wait to buy that dream car because   Bank offers great car loan deals with up to 100% finance. Whether it is a new car, a pre-owner car or even a loan against a car, we can offer you a car loan at attractive interest rates and flexible repayment tenures. Fast approvals, personalised service and utmost transparency make us the leader in car loans in India.

 

eatures

•             Up to 100% finance

•             Approval of Car loan in 30 minutes.

•             Fixed interest rates

•             No Income Document Scheme

•             Flexible tenure of up to 7 years

 

 Benefits

•             Fast and hassle free loan processing

•             Stability in EMI repayment, not affected by fluctuating market rates

•             Lowest down payment and best deals for customers

•             Lower EMI

 

Gold Loan

Get Loan against your gold Jewellery instantly!

  bank’s Sampoorna Bharosa Gold Loan is available the moment you step into any of our branches. We help you optimise your investment in gold because this loan against gold is not only easy to avail but also easy to repay. Get convenient loan options, affordable interest rates and an opportunity to liquidate your gold loan at any time.

 

Features & Benefits

•             Quick

Over the Counter Loan Disbursement

•             Easy

No documentation

 

•             Safe

Unique 3 way sealing to ensure

your gold is secure in our safety vault.

•             Smart

Flexible Pricing and tenor for making a smart choice.

Whatever be your need we have a loan for you. Over the years we have won the trust of our customers and have become market leader in loan products.

 

Enjoy triple benefits when you take a loan against gold from   Bank:

•             Faster loan - Our gold loan sanction and disbursal is one of the quickest with easy documentation.

•             Competitive pricing – Our rates and charges for loan against gold are very attractive.

•             Transparency – All charges are communicated up front in writing along with the gold loan quotation

  Bank introduces a safe, simple and easy procedure to unlock the value of your gold without selling it. Make your gold work more for you in times of need. Here are a few benefits:

•             Loan Amount: Minimum of Rs 50,000/- onwards. Gold loans for less than Rs 50000/- also available for rural markets.

•             Instant liquidity: Enjoy any time liquidity on your loan against gold. It can be repaid any time without any foreclosure charges.

•             Security: Be assured of the safety and security of your gold.

•             Interest Rates:Take advantage of our lower interest rates for this loan. Special rates available for Preferred, Imperia & Classic and Women customers

•             To top all these benefits, if you are an   customer, you get great interest rates!

 

List of Documents

•             Passport (Not expired)

•             Driving license (Not expired)

•             Voters’ ID card

•             Aadhaar Card issued by UIDAI

•             PAN (Permanent Account Number) Card (Along with any of the above document)

 

 

How should the gold loan be repaid?

The best thing about Loan against Gold is that only servicing of the interest is required.

Monthly out flow as low as Rs 1000 per lakh calculated basis indicative rate of 12% p.a

What security is required against the Gold Loan?

All gold to be brought to  ’s designated/disbursement branch.We will value the gold and based on that valuation you can choose from the various product offerings, depending on your loan requirement.

What will be the tenure of Gold loan?

Gold Loan are available for tenures starting from 6 months, up to 48 months.

What are Benefits for   Bank account holders ?

Benefits are quick processing time and simplified documentation. Further there are preferred rates for customers who have a strong banking relationship with the bank.

How long does it take to process Gold Loan?

A gold loan is disbursed within One Hour. This is, however, subject to the verification of the gold and other documents that you submit. Approvals are at the sole discretion of the bank.

 

 

 

Loan Against Securities

 

Features

•             Widest Range of collateral accepted in the industry

•             Scan based account opening

•             Overdraft Facility available

•             Combines the power of Loan and bank account

Benefits

•             Anytime, anywhere access

•             Auto Renewal of loan facility

•             No Prepayment penalty

•             Dedicated LAS Helpdesk

Bank approved Securities list

•             Equity Shares – DEMAT Shares up to 50% of the value. See the approved scrips here.

•             Approved Mutual Funds- See approved Mutual Fund Schemes here.

Whatever be your need we have a loan for you. Over the years we have won the trust of our customers and have become market leader in loan products.

 

Enjoy triple benefits when you take a Loan Against Securities from   Bank:

•             Faster loan - Our loan sanction and disbursal is one of the quickest with easy documentation and doorstep service.

•             Competitive pricing – Our loan rates and charges are very attractive

•             Transparency – All charges are communicated up front in writing along with the loan quotation

an Against Securities.

Features and Benefits of Loan Against Securities

Why sell securities if you can simply draw a loan against them? Take maximum benefit of   Bank's loan against securities which comes with the advantage of paying interest only on the amount and duration of loan used.

•             EMI payments: You don't have to be hassled about EMI payments. Simply service your Interest payments by way of credits in your account every month Interest is calculated only on the amount of loan you actually use.

•             Extra charges: You will not face the cumbersome process of dealing with post dated cheques or pre payment charges.

•             Approved Securities: There is no limit to your options. We have on offer an exhaustive list of approved securities for you to pledge from.

•             Efficient Servicing: We're known for speedy and efficient service. You loan processing will take no time.

•             Loan amount: You can avail upto 80% loan on the value of securities pledged.

•             Single Scrip Lending service: Get upto 50% of the value with any Depository Participant. Click here for more details.

•             Limit: You can avail of a minimum loan amount of Rs. 2 lakh.

•             Interest payments: You will have to pay interest only on the amount of loan you use. It will be calculated on the daily outstanding balance and debited to your account at the end of every month.

•             Pledging options: You can pledge shares from any Depository (NSDL or CDSL) and any Depository Participant across the country.

•             Options for NRI applicants: Are you an NRI wanting to avail this loan? You can choose from options of shares, mutual funds (equity, debt or FMPs), Insurance Policies, NSC or KVP.

•             Current Account benefits: A current account with an overdraft limit will be created for you. Hence you can enjoy all the benefits that we offer on the Current Account. You will be able to enjoy some of our popular facilities like Phone Banking, NetBanking,FREE International Debit Card.

 

List of bank approved securities against which you can get a loan

The securities that you may decide to pledge must be one of the following:

•             Equity Shares.

•             Mutual Funds (Equity, Debt, FMPs) upto 50% of NAV (Net Asset Value).

•             Gold Deposit Certificates (GDC)

•             Life Insurance Policies issued by LIC and select Private Insurance Companies. See the approved list of policies here .

•             National Savings Certificates (NSC)

•             Kisan Vikas Patra (KVP)

•             NABARD's Bhavishya Nirman Bonds

•             Non Convertible Debentures

 

Eligibility and Documentation of Loan Against Securities

Get details on eligibility criteria & documents required for   Bank Loan Against Securities

Do you want to know which securities you can pledge to get a loan? Whose name should the securities be on? Before answering those questions, first make sure you fit into one of these categories to be eligible for getting a loan against securities:

•             You must be an Indian resident

•             On selected securities, you can get a loan if you are a member of the Hindu Undivided Family (HUF), an NRI, owner of a Sole Proprietorship Partnership firm Private Limited company, (conditions apply).

•             If you are a trust or a minor, the loan against securities cannot be given to you.

Documents you will need to submit:

•             Your Identity proof, signature proof and address proof

•             If you represent Companies/Proprietorships/Partnership firms you will need to submit an audited Balance Sheet, Profit & Loss Account for last two years. You will also have to submit IT returns of the last 2 years.

 

 

 

 

 

Loan Against Rental Receivables from   Bank

Whatever be your need we have a loan for you. Over the years we have won the trust of our customers and have become market leader in loan products.

 

Enjoy triple benefits when you take a Loan from   Bank:

•             Faster loan - Our loan sanction and disbursal is one of the quickest with easy documentation and doorstep service.

•             Competitive pricing – Our loan rates and charges are very attractive

•             Transparency – No hidden charges and clear communication on loan process Update about the status of loan application at each stage

 

Features and Benefits of Loans Against Rental Receivables

To get flexible loans against the expected cash flows of rental revenue from your commercial property, make good use of   Bank's Loan against Rent Receivables (LARR). Whether you need more funds to add to your current loan, to venture into a new business or fulfill a personal requirement,  's LARR is here to service your needs.

•             Multiple Benefits: With this loan, you can enjoy attractive rates of interest and get extended loan tenure. Apply for  's Loan against Rental Receivables NOW!

•             Higher eligibility: On your net rentals, you can enjoy higher eligibility and benefits from this loan. Get more details from an   branch near you.

•             Flexible product offerings: We offer customized loan products to suit your specific financial needs. See our list of product offerings – (Link to Loan Against Property page)

•             Efficient servicing: We're known for speedy and efficient service. Your loan will be processed in minimum time.

 

 

 

Educational Loan

 

Aim For The Sky With   Education Loans.

 

A meritorious student is never far away from their dream career, courtesy of   Bank’s education loans. Students from every discipline can now take their first steps on the path to success. Every feature of our student loan assists the process of higher education in a comfortable manner. Tax benefits, post-graduation EMI schedule and a flexible tenure make higher education both affordable and convenient as never before.

 

With rapid loan processing, our student loans have faster disbursal and lower ancillary expenses. Competitive interest rates also allow students to make stress-free repayments after moratorium period. These customizable and conducive loan terms will help bring expensive higher educational courses within the grasp of every student.

Education Loan for Indian Education

•             Get up to Rs. 10, 00,000 as a study loan.

•             Enjoy attractive interest rates.

•             Avail flexible education loan package with multiple options of collaterals, tenure & repayment.

•             It’s a zero-hassles student loan with minimal processing.

Central Government Interest Subsidy Scheme

•             This scheme supports economically weaker students get study loan for professional education.

•             This study loan is established by the Department of Education, Ministry of Human Resource Development; Government of India.

•             Window opened for SC/ST candidates only for the eligible left out cases for the years from 2009-10 to 2015-16

Education Loan for Foreign Education

•             Avail up to 100% finance for international education loan.

•             Receive preferential interest rates for top-ranking universities/ institutes.

•             It has light documentation and low processing hassles.

•             Get flexible loan terms for co-applicants, repayment, and EMI.