Non Agriculture Loan
1.CCL ( Cash Credit Loan ) for Societies
Cash credit Loan advanced only for societies (PACS/ TAPCMS/ other member societies)
- Loan Limit : one and half times of NDR/60% of stock/70% of NODC.
- Term Date: 30th September of every year.
2.WCL ( Working Capital Loan) for Societies
Working Capital Loan issued only for societies .
(Limit)
- Rs 100.00lakhs for A grade societies
- Rs 50.00 lakhs for B grade societies
- Rs 30.00 Lakhs for C grade societies
(Subject to the condition of 10% of working capital or maximum limit whichever is less.)
3. HL (Housing Loan )
- Purpose : Construction/ House purchase/ site Purchase/ Repair/ Extension.
- Limit : 70 % of the estimation or rupees 20 lakhs whichever is less.
- Term : Maximum 20 years.
4.Building construction loan for Societies / Institutions :
- Purpose : Construction/ House purchase/ site Purchase/ Repair/ Extension.
- Limit : 80 % of estimation for pacs ,70 % of estimation for other societies.
- Term : 15 years.
5. Loan on Asset
- Purpose : Loan advanced for immovable non agricultural properties( site /house).
- Limit : 50 % of valuation or rupees 60 lakhs whichever is less.
- Term :15 years.
- Age Limit : 65 Years.
6. General Overdraft Loan :
a) individual
- Purpose : Loan advanced for business.
- Limit : 60 % of the valuation plus 40 % of business turn over or 60 lakhs whichever is less.
- Term : 1 years.
- Age Limit : 65 Years.
b) Institutions
- Purpose : Loan advanced for business.
- Limit : 60 % of the valuation plus 40 % of business turn over or 60 lakhs whichever is less.
- Term : 1 years.
c) Societies
- Purpose : Loan advanced for business.
- Limit : 60 % of the valuation plus 40 % of business turn over or 60 lakhs whichever is less.
- Term : 1 years.
7. Vehicle
a) Two Wheelers and three wheelers
- Purpose : Purchase of two wheelers and three wheelers.
- Limit : 70 % of the Ex showroom rate.
- Term : 3 years.
- Age limit : 65 years.
b) Four Wheelers and above
- Purpose : Purchase of four wheelers and heavy vehicle
- Limit : 80 % of the Ex showroom rate, For second hand vehicles 50 % of the value of the Approved valuator or rupees 5.00 lakhs whichever is less.
- Term : 5 to 7 years, For second hand vehicles 3 years.
- Age limit : 65 Years.
8. SEL (Salary Earners Loan)
a) Employees (salaried)
- Purpose : Domestic.
- Limit : 10 times of the gross salary or 5.00 lakhs whichever is less.
- Term : 5 years.
b ) Others (Loans to Professionals)
- Purpose : Domestic.
- Limit : 10 times of the total income or 3.00 Lakhs whichever is less.
- Term : 5 years.
9.Jewel Loan
- Purpose: Jewels loans are issued as per the market value fixed the board. 60% of the valuation can be advanced.
- Rate of Interest: 10.5%
- Term: 12 Months.
10.Jewel Loan OD
- Purpose: Jewel loan Overdraft can be issued to the farmers to meet the expenses for cultivation, development of the land and any other expenses.
- Term : 12 Months.
- Maximum Limit : Rs. 200000/ and above Jewel loans are issued under this head.
- Security : Gold ornaments
- Tenure : 1 year from the date of advance.
11.Jewel Express
- Purpose: Jewel loan Overdraft can be issued to the farmers to meet the expenses for cultivation, development of the land and any other expenses.
- Term : 12 Months.
- Maximum Limit : As fixed by the Bank.
- Security : Gold ornaments
- Tenure : 3 months from the date of advance.
- Rate of Interest: Fixed by the Bank from time to time.
12.Petty Traders Loan
- Purpose: Petty Traders Loans are issued to the Petty Shop holders
- Maximum Limit : As fixed by the Bank.
- Tenure : 36 months from the date of advance on monthly basis
- Rate of Interest : As fixed by the Bank
- Loan Limit: Rs. 100000/-.
13.Solar Loan
- Purpose: Installation of Solar Power System for residential purpose.
- Maximum Limit : 70% of Quotation amount Maximum amount Rs. 100000/-
- Security : Land holding documents.
- Tenure : Maximum of 3 years
14. Loan on Securities
- Term : Petty Traders Loans are issued to the Petty Shop holders on the basis of the License held by them.
- Maximum Limit : No maximum limit fixed. KCC loans will be issued as per scale of finance. Rate of interest will be fixed from the government from time to time.
- Security : Advances will be made on their own land holding documents.
LOAN RATE OF INTEREST
Non Agriculture Loan
| S.NO | LOAN TYPE | RATE OF INTEREST |
|---|---|---|
| 1 | CCL ( Cash Credit Loan ) for Societies | 10.25 % |
| 2 | WCL ( Working Capital Loan) for Societies | 10.25 % |
| 3 | HL (Housing Loan ) | 8.50 % |
| 4 | Building construction loan for Societies / Institutions | 10.00 % |
| 5 | Loan on Asset | 10.75 % |
| 6 | General Overdraft Loan | 11.75 % |
| 7 | Vehicle Loan Two Wheeler | 11.75 % |
| 8 | Vehicle Loan Four Wheeler | 10.00 % |
| 9 | SEL (Salary Earners Loan) | 12.50 % |
| 10 | Jewel Loan | 9.50 % |
| 11 | Jewel Loan OD | 9 % |
| 12 | Jewel Express | 9.25 % |
| 13 | Petty Traders Loan | 13.00 % |
| 14 | Solar Loan | 11.50 % |
| 15 | Loan on Securities | 4 % |
| 16 | Pacs as Msc | |
| 17 | Agriculture land purchase | 10.50 % |
| 18 | Commodity Loan for individual | 10.00 % |