Loan Schemes

Bank's Loan Policy Highlights

• Bank will adhere to RBI/GOVT guideliness
• Loans will not be considered -
  • For purchase of land for investment
  • For purchase of land for agriculture
  • Liquor shops
  • Lottery, gambling, Race etc
  • Businesses and professions legally banned
  • Financial institutions
  • Against shares
  • Vehicle loans to a group
  • Against silver
  • Beyond operational area of bank
  • Sugar Industry
  • Textile Industry
  • Preparation of movie/TV Serial
• Bank has internally set a limit of total credit to a particular sector. Bank will try to adhere to these limits
• Maximum finance will be done to “Priority Sector”
• Bank will try to maintain Asset Liability equilibrium
• Bank will not sanction loans to its Directors or their relatives

Vishweshwar Sahakari Bank offers loans to all trustworthy clients on easy terms and conditions. Repayment period is finalized based on income/to be generated income of the borrower.

Following different types of loans are given

• Loans to Shopkeepers/Traders/Manufactures/Distributors etc
• Personal loans to self employed/salaried persons.
• Loans to self employed and professionals for business / profession
• Loans to SSI Units for acquiring Gala in Industrial Coop Society, for purchasing machinery, for working capital.
• Loans to Industrialists for manufacturing/business
• Loans against bank’s deposit.
• Loans against NSC certificates / LIC Policies
• Loans against Gold
• Gold Purchase Loan Scheme
• Vishweshwar Mortgage Loan Scheme

Vishweshwar Sahakari bank has devised special loan schemes to meet the requirements of various borrowers.

Rebate is given to general loans repaid regularly.