Loan Schemes

Vehicle Loan

Features

  • For Two Wheeler or For Four Wheeler or Commercial Vehicles
  • Period 5 to 7 year
  • Rate of interest for Four Wheeler (Personal Use) 8.00% & commercial 8.50%
  • Rate of interest for Two Wheeler 8.50% ( Upto 3 Years )
  • 90% loan will be sanction against Vehicle on Road Price

Documents required

  • Vehicle Quotation from Nashik City Dealers
  • Latest last 3 months Salary Slip or Latest Income tax return of last 3 years or Last 3 years financial reports (C.A. certified)
  • Residential proof
  • Pan Card & Aadhar Card
  • One Guarantors (shareholder)
  • Latest Income tax return of two guarantors with Latest financials (C.A. certified) or Latest statement of other banks, if any.
  • Passport size photos required of borrower as well as guarantors(Photos Required)

Loan Aganist LIC Policy

Features

  • Limit up to 1 Crore
  • 80% against surrender value of Policy
  • End of Policy Period
  • Rate of interest 9.00 %
  • 0.50 % processing fees of loan or Max Rs:-5,000/-
  • Available in Term Loan or Cash Credit Facility

Documents required

  • Original Insurance Policy
  • Latest last 3 months Salary Slip or Latest Income tax return of last 3 years or Last 3 years financial reports (C.A. certified)
  • Residential proof
  • Pan Card & Aadhar Card
  • One Guarantors (shareholder)
  • Latest Income tax return of two guarantors with Latest financials (C.A. certified) or Latest statement of other banks, if any.
  • Passport size photos required of borrower as well as guarantors(Photos Required)

Gold Loan (Loan Against Gold Ornaments)

Features

  • Limit up to Rs 1 Lac* (GBP- Gold Bullet Payment)
  • Period 1 year
  • Rate of interest 10.00%
  • 75% loan will be sanction against valuation Amount
  • Minimum custody charges

Gold Installment Loan (Loan Against Gold Ornaments)

Features

  • Limit up to 10 Lakhs (GCC - Gold Cash Credit & GTL - Gold Term Loan)
  • Period 1 year for GCC & Period 3 years for GTL
  • Rate of interest 10.00%
  • 75% loan will be sanction against valuation Amount
  • Minimum custody charges
  • Scrutiny fees and Processing Fees are Nil

Terms and conditions

  • For Nominal member, loan up to 1 lakhs
  • Borrower must be account holder of bank/for nominal member KYC should be fulfill
  • Loan for above 1 lakhs, borrower should be Regular shareholder of bank
  • Valuation will be the latest market rate of gold

Hypothecation / Cash Credit loan HPCC/SCC/SBCC

Features

  • Limit up to Rs. 1.50 crore
  • Period 12 to 15 Months
  • Rate of interest 11.00%
  • Rebate 1% with terms and conditions (Turnover 5 times, 80% utilization, Stock statement and Interest should be submitted before 10th of next month)
  • 1% processing fees of loan or Max Rs. 10,000/-
  • 60 % loan of Stock & Book Debts

Documents required

  • Latest Income tax return for 3 years
  • Last 3 years financial reports (C.A. certified)
  • Residential proof
  • Pan card & Aadhar Card
  • Two Guarantors (shareholder)
  • Latest Income tax return of two guarantors with Latest financials (C.A. certified)
  • Business proof
  • Latest stock statement
  • Latest statement of other banks, if any.
  • Collateral security (loan for above 1 Lakhs) [ N.A. Property]
  • Passport size photos required of borrower as well as guarantors(Photos Required)

Housing loan

Features

  • Limit up to 70 lakhs
  • up to 80% advance against estimated cost /or purchase deed /valuation (whichever is less)
  • 70% advance for up to 10 year sold Flat/ Bungalow /Row House
  • Period 15 years
  • Rate of interest 8.50% upto 24 Lakh & 9.95% above 24 Lakh.
  • 1% processing fees of loan or Max Rs:-10,000/-
  • Rs. 5 lakhs Limit for Renewation of Old House

Term loan

Features

  • For Furniture / Machinery / Fix Asset
  • Limit up to 1 crore
  • 60-70% advance against Quotation /valuation (whichever is less)
  • Rate of interest 12.00%
  • Period 7 to 10 years
  • 1% processing fees of loan, which is not refundable

Loan For Shop

Features

  • Limit up to 25 Lakhs
  • 80% advance against purchase deed / Market Value (whichever is less)
  • Period 3 to 10 years
  • Rate of interest 11.00%
  • 1% processing fees of loan or Max= Rs :-10,000/-, which is Not refundable

Documents required

  • Latest Income tax return for 3 years
  • Last 3 years financial reports (C.A certified)
  • Residential proof
  • Pan card
  • Two Guarantors (shareholder)
  • Latest Income tax return of two guarantors with latest financial reports (C.A certified)
  • Business proof
  • NOC
  • Latest statement of other banks, if any.
  • Purchase /sale deed
  • Photocopies require of borrower as well as guarantors
  • Search report (30 years with receipt)
  • Commencements certificate
  • Approved plan
  • Property abstract of 7/12 and CTS (City survey)
  • N.A order and latest tax receipt
  • Permission for the type of construction, from authenticate office.
  • Development agreement

Advance Against Fix Deposit

Features

  • 85% of loan for deposit
  • Nominal membership facility available, for nonmembers
  • Discharged Receipt of Fix deposit
  • 0.50 % additional interest rate of fix deposit for above Rs 1 Crore
  • 1% additional interest rate of fix deposit.
  • 2% additional interest rate for third party FDR
  • All types of deposits will lien with bank.
  • Regularity in monthly interest
  • No scrutiny fees and no Processing Fees

Short Term Loan (STL/MICRO Loan)

Features and Terms & conditions

  • Limit up to 1 Lakh
  • Useful for small business
  • Rate of interest 16.50%
  • Period 18 months to 3 years
  • 1% processing fees of loan, which is not refundable
  • Latest Income tax return for 3 years,
  • Residential proof
  • Pan card
  • Two Guarantors (shareholder)
  • Latest Income tax return of two guarantors with latest financial reports (C.A certified)
  • Business proof

Personal Loan

Features and Terms & conditions

  • Limit up to 1 Lakh
  • Useful for Salary and personal account Holders
  • Rate of interest 15.00%
  • Period 3 years
  • 1% processing fees of loan, which is not refundable
  • Latest Income tax return for 3 years,
  • Latest 3 months Salary Slip
  • Residential proof
  • Pan card
  • Two Guarantors (shareholder)
  • Latest Income tax return of two guarantors with latest financial reports (C.A. certified)

Hello Doctor Personal Loan

Features and Terms & conditions

  • Limit up to 3 Lakh to 5 Lakh
  • Useful for Doctors
  • Rate of interest 13.00%
  • Period 3 years
  • 1% processing fees of loan, which is not refundable
  • Latest Income tax return for 3 years
  • Latest 3 months Salary Slip
  • Residential proof
  • Pan card
  • Two Guarantors (shareholder)
  • Latest Income tax return of two guarantors with latest financial reports (C.A. certified)

Hello Doctor Term Loan

Features and Terms & conditions

  • Limit up to 5 Lakh (75% of Machinery Quotation)
  • Useful for Machinery
  • Rate of interest 9.95%
  • Period 3 to 5 years
  • 1% processing fees of loan, which is not refundable
  • Latest Income tax return for 3 years
  • Residential proof
  • Pan card
  • Two Guarantors (shareholder)
  • Latest Income tax return of two guarantors with latest financial reports (C.A. certified)

Education Loan

Features

  • Rate of Interest 9.75 %
  • Period of Loan - Course Duration & Plus 5 Year
  • Rs. 10 Lakhs - In India
  • Rs. 20 Lakhs - Out of Country

Documents required

  • 1. Two Passport size Photo
  • Light Bill & Telephone Bill
  • Annual Income Certificate & IT Return
  • Bonafide Certificate, Admission Form & Details of Educational Expenses
  • Bank Statement in Last 6 Months
  • Passing Certificate of Degree For Last Year
  • Cibil Report

Branch Locator

location
Head Office

Rajan Complex Arcade, Datta Mandir Circle, Nashik Road, Nashik-422101

location
Nashik Road

Rajan Complex Arcade, Datta Mandir Circle, Nashik Road, Nashik-422101

location
Mahatma Nagar

Gulmohar Status, Mahatma Nagar, Nashik-422005

location
Deolali Camp

Howson Road, Deolali Camp, Nashik-422401

location
M.G. Road

Study Circle Building, LIC Lane, Near Meher Signal, Gole Colony, Ashok Stambh, Mahatma Gandhi Road, Nashik-422002