Features of Loan Schemes

Rate of interest

Rate of Interest / Margin on Loan amount will be as per RBI directions & Bank’s policy.
Repayment period / moratorium period can be given as per requirement of borrower / requirement of project.
For loans of 1 lac & above the borrower should be a shareholder of the bank. Before availing the loan he can become a share holder of the bank.
For loans of below 1 lac the borrower should become a nominal member of the bank. Before availing the loan he can become a nominal member.
Unsecured loans (Clean loans) upto 50000 are given against personal guarantee of two guarantors.

Interest Rates applicable w.e.f 01/09/2011

General Loans
Sr.No.	Loan Amount	Rate of Interest % p.a. for repayment upto 5 Years	Rate of Interest % p.a. for repayment above 5 Years
1	Upto 100 Lac	15.00	15.50
2	Above 100 Lac – upto Rs.100 Lac	14.00	15.00
3	TOD/EOD	18.00

Industrial Loans
Sr.No.	Loan Amount	Rate of Interest % p.a. for repayment upto 5 Years	Rate of Interest % p.a. for repayment above 5 Years
1	Upto 25 Lac	14.00	15.00
2	Above 25 Lac	14.00	15.00

SSI Registration Certificate Necessary.

Sr.No.	Description	Rate % p.a.
1	Repayment period up to 5 years	11.00
2	Repayment period above 5 years and up to 10 years	12.00
3	Repayment period above 10 years and up to 15 years	12.50

Sr.No.	Description	Upto 25 Lacs ( Priority)	Above 25 Lacs( Non Priority)
1	Repayment period up to 10 years	11.00	13.00
2	Repayment period above 10 years and up to 15 years	11.50	13.00

Sr.No.	Description	Rate % p.a.
1	Priority Sector Vehicle loan Scheme	13.50
2	Vishweshwar Vehicle Loan Scheme (2/4 wheeler for personal use )	12.00
3	Educational Institutions Loan Scheme (for education purpose)	14.50
4	Vishweshwar Student’s Education Loan Scheme (secured/unsecured)	12.00
5	LPG/CNG Kit Loan Scheme	14.00
6	Vishweshwar Agriculture Loan Scheme	11.50
7	Builders/Developers Loan Scheme	16.50
8	Cooperative Industrial Society’s Loan Scheme	12.00
9	Loan scheme for Industrialist in Co-operative Industrial Society	13.50
10	Gold Loan	13.00
11	Gold Purchase Loan Scheme	12.00
12	Vishweshwar Mortgage Loan Scheme	15.50