Festival Loan
In view of the festive season the bank has introduced the festival loan scheme. Meet your consumption and business needs up to Rs. 2 lac with minimum paper work.
Purpose
- For expenses in festivals /festive season
Who Can Borrow
- Permanent employees working under State/Central government /Educational Institutions /P.S.U./School ( Registered Under societies act) The employees must be of Uttarakhand Cadre
- Professional /Self Employed/Businessman (who are permanent resident of the region )
- Minimum CIBIL Score 700 or -1
Income
- Salaried employees whose monthly net income Rs 10000/- (nettake home salary )
- Non salaried persons whose net yearly income is not less than Rs. 150000/-(Proof : income tax computation of previous three years )
Amount Of Facility
- Maximum Rs 200000/-
Margin
- Nil
Rate Of Interest
- The rate of interest as decided by the bank from time to time would be applicable
Security
- Nil
Guarantor
- Two guarantors who are permanent resident of the area
Period
- 12 to 48 months
Processing Charges
- Nil
Share Holding
- 1.5 % of loan amount*
- *Loans up to Rs. 1 lac – only nominal memembership needed
Documents Required
- Photograph , PAN and KYC documents of borrower and guarantor
- ITR of three years
- Post dated cheques (where saving account is with other bank)