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| LOAN SCHEME |
 GRUHASHREE (GENERAL HOUSING SCHEME)
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| PURPOSE |
To Purchase/construct House/Flat on ownership Basis which would enable an individual to construct a modest new house to improve or add to his existing dwelling unit in rural area. |
| ELIGIBILLITY |
Such People, who are in permanent salaried employment or Professionals like Doctors, Lawyers, Engineers, CAs etc. or self-employed persons having regular income. |
| QUNTUM OF FINANACE |
For construction/Purchase of a House/Flat
In Place of Population 1 Lakh and above – 35 lacs
Below population 1 lakh – 20 lacs
For Purchase of a Plot – 15 lacs
For repair/renovation – 1 lacs |
| MARGIN |
For Limits up to Rs. 10 lacs – 20%
For Limits more than 10 lacs – 25% |
| RATE OF INTEREST |
Repayment within 5 years – 8.5%
More than 5 less than 10 years – 8.75%
More than 10 less than 15 years – 9%
More than 15 less than 20 years – 9% |
| REPAYMENT |
Up to 20 years in Monthly/Quarterly/Half Yearly equated installments depending on profession of the borrower. |
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GOLDEN JUBILEE RURAL HOUSING FINANCE SCHEME (GJRHFS) |
| PURPOSE |
As that of Gruhashree Scheme |
| ELIGIBILLITY |
As that of Gruhashree and also People who are engaged in agriculture in service area of the Branches of our Bank. |
| QUNTUM OF FINANACE |
For construction/Purchase of a House/Flat
In Place of Population 1 Lakh and above – 35 lacs
Below population 1 lakh – 20lacs
For Purchase of a Plot – 15 lacs
For repair/renovation – 1 lacs
For Construction of House/ additional construction ( For Agricultures)
Maximum loan – Rs. 50,000/- |
| MARGIN |
For Limits up to Rs. 10 lacs – 20%
For Limits more than 10 lacs – 25% |
| RATE OF INTEREST |
Repayment within 5 years – 8.5%
More than 5 less than 10 years – 8.75%
More than 10 less than 15 years – 9%
More than 15 less than 20 years – 9% |
| REPAYMENT |
Up to 20 years in Monthly/Quarterly/Half Yearly equated instalments depending on Profession of the Borrower. |
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BAITARANI AUTOFIN SCHEME |
| PURPOSE |
For Purchase of new Two Wheeler/ Four Wheeler vehicles , Personal vehicles powered by Non-conventional energy. |
| ELIGIBILLITY |
Such People, who are salaried employees , professionals and self-employed businessman, individuals with high net worth, people engaged in trade/commerce/business, Directors of companies, senior citizens, farmers etc. . |
| QUNTUM OF FINANACE |
For Two Wheelers Rs. 1 lacs (maximum)
For Four wheelers
For Individual Rs. 10 lacs
For Companies & corporate entities Rs. 20 lacs |
| MARGIN |
For Individuals
For new vehicles up to Rs. 2 lacs – 5%
From Rs. 2 lacs to Rs. 10 lacs -10%
For Corporate/Firms etc. minimum margin – 25% |
| RATE OF INTEREST |
Up to Rs. 10 lakh
For repayment up to 3 years - PLR-1.5%
Above 3 years – PLR-1%
Above Rs. 10 lakh
For repayment up to 3 years - PLR-1%
Above 3 years – PLR-0.5%
For Women Beneficiaries 0.25% concession from applicable rate of interest. |
| REPAYMENT |
For Individuals
For new vehicles two wheelers – Maximum 5 years
For Four wheelers - Maximum 6 years
For Corporate/ Firms etc. – Maximum 5 Years |
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BAITARANI GYANODAYA ( EDUCATIONAL) LOAN SCHEME |
| PURPOSE |
To provide loans to needy and meritorious students to pursue higher study. |
| ELIGIBILLITY |
Such students who are eligible for this scheme should be an Indian National and ordinarily resident of branch area of operation.
Should have secured admission to Professional courses like B.A, B.Com, B.SC., Engineering, Medical, Agriculture, Law, Computer Courses, and Management through Entrance test / Merit Based selection Process.
The student should not have outstanding education loan from any other Institute.
Father / Mother should be a Co-Borrower for the loan. |
| QUNTUM OF FINANACE |
Studies in India – Maximum Rs. 10 lacs
Studies abroad – Maximum Rs. 15 lacs |
| MARGIN |
Up to 4 lacs – NIL
Above 4 lacs – 5% ( For studies in India)
15% ( For studies abroad) |
| RATE OF INTEREST |
Up to 4 lacs – PLR-2% , Minimum 10.5% p.a.
Above 4 lacs – PLR-1.5%, Minimum 11% p.a.
Interest concession for loans to women
Up to 1 lacs – 0.5%
More than 1 lacs – 1% |
| REPAYMENT |
Repayment Moratorium: Course Period + 1 year or 6 months after getting job, Whichever is earlier.
The loan is to be repaid in 5-7 years after commencement of repayment. |
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BAITARANI CONSUMER DURABLE LOAN (BCDL) |
| PURPOSE |
To purchase indigenous consumer durables viz: Television set, Video set, Refrigerator, Deep Freezer, Air Conditioner, washing machine, Personal computers etc. . |
| ELIGIBILLITY |
The scheme targets the regular employees of State/central govt. whose total deductions including the proposed instalment , should not exceed 65% of the Gross salary. |
| QUNTUM OF FINANACE |
Upto 1 lakh or 75% of the cost of items whichever is lower. |
| MARGIN |
At least 25% of the cost of the items taking the Quotation. |
| RATE OF INTEREST |
Repayment up to 3 years – BPLR-1%, Minimum 10% p.a.
Repayment above 3 years – BPLR-1%, Minimum 11% p.a. |
| REPAYMENT |
To be repaid within 60 EMIs from the 2nd month of disbursement. |
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BAITARANI MORTGAGE LOAN ( BML) |
| PURPOSE |
To meet the credit needs of trade , commercial activity, other general business, bonafide purpose of the professionals. |
| ELIGIBILLITY |
Such people engaged in trade, commerce,business and also Professionals & individuals with high net worth including salaried people and agriculturist. |
| QUNTUM OF FINANACE |
For agriculturist minimum loan amount is to be above Rs. 25000/- & maximum Rs. 1 lakh.
For other minimum Rs. 50000/- & maximum Rs. 15 lacs. |
| MARGIN |
For salaried person – 30% (minimum)
For others minimum 50% on the value of the property assessed by Bank’s approved valuer. |
| RATE OF INTEREST |
Up to 5 lakh – BPLR-0.25%, Minimum 12.25% p.a.
Above 5 lakh – Same as BPL |
| REPAYMENT |
Within 60 months by way of EMIs . The payment is to commence from the subsequent month of final disbursement or 6 months from the 1st disbursement whichever is earlier. |
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SMALL ROAD TRANSPORT OPERATOR (SRTO) |
| PURPOSE |
To provide transport vehicle to experienced beneficiaries to raise income from transportation |
| ELIGIBILLITY |
Individuals |
| QUNTUM OF FINANACE |
75% of cost of vehicle, Insurance and registration expenses. |
| MARGIN |
25% of the project cost |
| RATE OF INTEREST |
Up to 50000 – BPLR-1%1, Minimum 11.5% p.a.
Rs. 50000- 2 lakh – BPLR -0.5%, Minimum 12% p.a.
Rs. 2 lakh – RS. 10 lakh – BPLR+0.5%
Over Rs. 10 lakh – BPLR+1.5% |
| REPAYMENT |
Equal monthly instalments repayable in 5 years. |
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BAITARANI KISSAN CREDIT CARD ( KCC) |
| PURPOSE |
The scheme aims at providing Financial assistance to farmers for crop production and consumption needs |
| ELIGIBILLITY |
Short term cash credit limit for crop production to farmers having agricultural land and term loan for agriculture and allied activities. |
| QUNTUM OF FINANACE |
According to the crop production Land area of the farmers. |
| MARGIN |
NIL |
| RATE OF INTEREST |
Up to 3 lakhs – 7% p.a.
Above 3 lakhs – 12% p.a. |
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LOAN AGAINST TERM DEPOSIT RECIEPTS (TDR), NSC, LIC Policy etc |
| PURPOSE |
To meet out the financial needs of customers ,Bank is providing loan against Term Deposits like DBD, RD , FDR, SDR. MIC, Policies issued by Life Insurance Corporation of India , NSC, KVP etc. . |
| ELIGIBILLITY |
Any Individuals having bonafide term deposits, Policies, NSC, KVP in his name . |
| QUNTUM OF FINANACE |
75% Of The Maturity value of the term deposits.
75% of the surrender value of the LIC Policies. |
| MARGIN |
25% |
| RATE OF INTEREST |
Depending on types of TDRs |
| REPAYMENT |
60 months or maturity date of policy whichever is earlier. |
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AGRICULTURE TERM LOAN |
| PURPOSE |
To provide credit facility for purchasing tractor, trolley and other agricultural implements to perform farm operations smoothly, to resolve the problem of human labour, to arrange transportation of agriculture inputs and marketing of agriculture produce quickly |
| ELIGIBILLITY |
Such farmers, who hold minimum 5 acre perennially irrigated agricultural land singly or jointly |
| QUNTUM OF FINANACE |
As per project cost. |
| MARGIN |
15 to 25% of the project cost |
| RATE OF INTEREST |
Aggregate limits
Up to Rs. 5000 /- – BPLR-2.25%, Minimum 10.25% p.a.
Over Rs. 5000/- to 2 lakh- BPLR-0.5%,Minimum 12% p.a.
Over Rs. 2 lakh to rs. 10 lakh – same as BPLR p.a.
Over Rs. 10 lakh and above – BPLR+0.25% p.a. |
| REPAYMENT |
Maximum in 9 years. |
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