Housing Loan 13.00%p.a.
Vehicle Loan 13.00%p.a.
Gold Loan 10.00%p.a.
Key Loan 13.25%p.a.
Immovable Property Loan 13.00%p.a.
Over Draft Loan 13.00%p.a.
Interest Rate on Deposits
 
Period Rate of Interest
30 Days to 45 Days 4.00% p.a.
45 Days to 90 Days 5.00% p.a.
91 Days to 180 Days 5.50% p.a.
181 Days to 12 Months 7.25% p.a.
13 Months to 36 Months 8.25% p.a.
37 Months and Above 8.75% p.a.

Note : 0.5% extra on Senior Citizens

NND Pigmy Deposit 2.00 % p.a.
Srirama Cash Certificate 88 Months Double ( 9.57% )
 

Loans

Vehicle Loan

The customer can avail the vehicle for the purpose of purchasing a Vehicle
Margin money 25% of the quotation value to be paid by the customer and the Bank will provide for the rest 75% of the quotation value.
In case of second-hand vehicle, the bank will assist up to 50% of the amount quoted in valuator's report.
The customers will have to hypothecate the vehicle; in case of a second hand vehicle, a collateral security is necessary.
Collateral security documents (Open site or building)

Registered title deed - Original

  1. Title deed - original/certified copy/photocopy.
  2. Mutation Copy.
  3. Khata extract for 13 years original
  4. Tax paid receipt for the current year-original.
  5. Encumbrance certificate for 13 years.
  6. Property Valuation Certificate

Housing Loan

The customer can have his/her dream house by availing our home loans. Loans are available for The Construction of House, Purchase of a Flat/House, Repairing or Renovating old House/Flat.

Security

  1. Registered title deed- original.
  2. Previous title deed -original/certified copy/photocopy. Municipal/Panchat Mutation Copy
  3. Khata extract for 13 years original.
  4. Tax paid receipt for the current year- Original.
  5. Encumbrance certificate for 13 years.
  6. N.A. Conversion order-copy.
  7. Layout Map approved by the Town Planning Authority
  8. Approved Bulding Plan and Construction Permission Copies – Original
  9. Form – 3 / Form 9 & 11 whichever is applicable – Original
  10. Valuation Certificate.

Gold loan

  1. The customer can avail financial assistance for emergency needs against the pledge of his/her gold.
  2. Security: Gold Ornaments.
  3. Duration of the Loan - 12 Months.

Key loan

In this scheme customer can avail Loan Against Warehouse Receipt / Pledge of Agricultural Produce.

Security

  1. Warehouse Receipt / Approved Agricultural Commodities (Paddy)

Collateral security documents: (Agricultural Land)

  1. Registered title deed- original.
  2. Previous title deed -original/certified copy/photocopy.
  3. Mutation Copy
  4. Present Land Record of Rights (ROR)
  5. Encumbrance certificate for 13 years.

FOR FIRMS TO AVAIL KEY LOAN

Financial papers

Previous 3 years balance sheet and relevant papers required. * Income tax assessment copies

Salary loan

Salary earners can get the financial assistance for the domestic needs.

Security

  1. Salary deduction certificate from the employer
  2. Salary deduction authorization letter from the employee. Salary certificate for income proof
  3. Quotation for domestic articles.

Surety Loan

Small and Petty Business, Artisans, Professionals and Self Employed, Agriculture and Allied Activities, persons can avail this Loan. The Maximum Amount and Loan Duration is subjected to directives of the RBI

  1. At least One Share holder of the Bank as personal Surety.
  2. To have a NND Pigmy Deposit Account with the Bank.

Over Draft Loan

In this scheme customer can avail Over Draft Loan facility for their Business purpose. Usually the Loan is granted to the registered firms and Contractors for their Day-to-Day business requirements. Over Draft Limit will be provided based on the previous 1 year Current account Transactions of the Customer with the Bank. Loan duration will be 1 year or subjected to the Time to Time guidelines of the RBI. This facility can be renewed afresh subjected to the satisfactory transactions after the expiry.

Security

Collateral security documents: (Non-Agricultural Propery)

  1. Registered title deed- original.
  2. Previous title deed -original/certified copy/photocopy. Municipal/Panchat Mutation Copy
  3. Khata extract for 13 years original.
  4. Tax paid receipt for the current year- Original.
  5. Encumbrance certificate for 13 years.
  6. N.A. Conversion order-copy.
  7. Layout Map approved by the Town Planning Authority
  8. Approved Bulding Plan and Construction Permission Copies – Original
  9. Form – 3 / Form 9 & 11 whichever is applicable – Original
  10. Valuation Certificate.
  11. Encumbrance certificate for 13 years.

Raitumitra Credit Limit

In this scheme a Farmer can avail Over Draft Loan facility for his Agricultural expenditure purpose. This facility is granted only to the farmers to meet their Day-to-Day Agriculture related Expenditure in the form of Over Draft Limit. against the mortgage of Agriculture Land. Loan duration will be 1 year or subjected to the Time to Time guidelines of the RBI. This facility can be renewed afresh subjected to the satisfactory transactions after the expiry.

Security

Collateral security documents: (Non-Agricultural Propery)

  1. Registered title deed- original.
  2. Previous title deed -original/certified copy/photocopy. Municipal/Panchat Mutation Copy
  3. Khata extract for 13 years original.
  4. Tax paid receipt for the current year- Original.
  5. Encumbrance certificate for 13 years.
  6. N.A. Conversion order-copy.
  7. Layout Map approved by the Town Planning Authority
  8. Approved Bulding Plan and Construction Permission Copies – Original
  9. Form – 3 / Form 9 & 11 whichever is applicable – Original
  10. Valuation Certificate.
  11. Encumbrance certificate for 13 years.