For any purpose except for financial speculation of any nature.
All Individuals (Existing Staff members of our Bank are not eligible)
Proprietorship Firm, Partnership Firm, Private Ltd. Company & LLP.
Minimum Age: 21Years
Maximum Age:70Years.
Rs.500.00Lakh
40% on Realizable Value of immovable properties (As per bank's empanled valuer's valuation report).
Credit facility in form of term loan/demand loan & Overdraft.
Personal guarantee of person(s) having worth at-least equivalent of the credit facility.
Repayment period of 07Years.
For Individuals no prepayment charges.
As per banks' Service Charges Booklet
0.50% on sanctioned amount (No ceiling).
| Loan Amount | Applicable Charges |
| Up to Rs.25000/- | Nil |
| Above Rs.25000/- to Rs.2.00 Lakh | Rs.500/- |
| Above Rs.2.00 Lakh to Rs.5.00 Lakh | Rs.1000/- |
| Above Rs.5.00 Lakh to Rs.25.00 Lakh | Rs.4000/- |
| Above Rs.25 Lakh to Rs.50.00 Lakh | Rs.6000/- |
| Above Rs.50.00 Lakh to Rs.2.00 Crore | Rs.8000/- |
| Above Rs.2.00 Crores | Rs.10000/- |
NAINI HOME IMPROVEMENT (Floating Rate of Interest) |
|
|---|---|
| Spread over NRLLR (In %) | |
| If Credit Insurance Taken IN Housing Loan | 1.00 |
| If Credit Insurance not Taken IN Housing Loan | 1.05 |
NAINI HOME IMPROVEMENT (Fixed Rate of Interest) |
|
| If Credit Insurance Taken IN Housing Loan | 3.00 |
| If Credit Insurance not Taken IN Housing Loan | 3.05 |
FINANCING AGAINST IMMOVABLE PROPERTY (LAP) : Floating Rate of Interest |
||
|---|---|---|
| Spread over NRLLR (In %) | Spread over NRLLR (In %) | |
For Individual Borrower/Non Individual Borrower |
||
| Overdraft | Term Loan | |
| CIBIL Score 850 or Above / CMR-1 | 1.60 | 1.75 |
| CIBIL Score 750 to 849 / CMR-2 & 3 | 1.75 | 2.00 |
| CIBIL Score 700 to 749 / CMR-4 & 5 and unrated | 2.25 | 2.50 |
| CIBIL Score 650 to 700 / CMR-6 & 7 | 2.75 | 2.75 |
| CIBIL Score below 650* / CMR below 7* | 3.00 | 3.00 |
| Note: No fresh proposal or enhancement to be undertaken under CMR ratings CMR-8 to 10 or below 650 CIBIL score. | ||
FINANCING AGAINST IMMOVABLE PROPERTY (LAP) : Fixed Rate of Interest |
||
|---|---|---|
| Spread over NRLLR (In %) | Spread over NRLLR (In %) | |
For Individual Borrower/Non Individual Borrower |
||
| Overdraft | Term Loan | |
| CIBIL Score 850 or Above / CMR-1 | NA | 3.75 |
| CIBIL Score 750 to 849 / CMR-2 & 3 | NA | 4.00 |
| CIBIL Score 700 to 749 / CMR-4 & 5 and unrated | NA | 4.50 |
| CIBIL Score 650 to 700 / CMR-6 & 7 | NA | 4.75 |
| CIBIL Score below 650* / CMR below 7* | NA | 5.00 |
| Note: No fresh proposal or enhancement to be undertaken under CMR ratings CMR-8 to 10 or below 650 CIBIL score. | ||
