In this post, I will tell you more about the kinds of loan, and most of banks have the own service or loan programs for their customers, but here I just tell you some of most popular loans.
Gold Loan
This loan is known as with Silent Features:
Postal Certificate (N.S.C. Loan)
It is for Personal and Business Purpose with the Rate Of Interest is 11% and Period of loan is till the Maturity Date of Certificates. To Security for Postal Certificates (Banks lien to be noted on the Postal certificates Pledged with Bank at the Post Office from where it is purchased). All Loans are subject to discretion of the Bank & subject to conditions stipulated by Bank. Interest Rate are subject to change without notice.
Vehicle Loan
Personal Vehicle Loan
The target Group is Salaried Person working in reputed companies, firms, ofessionals and Businessmen with the Purpose is purchase of 2 wheelers, Car for own use and the maximum Loan Amount is 85 % of Vehicle Quotation (inclusive of Basic cost+ duties, tax & Insurance)
The Period of loan is often 5 years with Interest Rate is around 12%
Commercial Vehicle Loan
The Purpose of this loan is Purchasing of taxi, Rickshaw, Cars and others 4 wheeler Vehicle for Transport Purpose. Maximum Loan Amount is 85 % of Vehicle Quotation (inclusive of Basic cost+ duties, tax & Insurance)with Period of loan is 5 years and the Interest Rate is 14%. To Security you need to noticed that: Hypothetical of Vehicle with Regional transport Office and 2 Guarantors. Penal Interest 2% for the Defaulted Amount for the Defaulted Period, Prepayment Penalty Nil
Fixed Deposit Loan
This loan has many advantages and i think it is really important for you when you are wondering if choosing this loan or not:
Gold Loan
This loan is known as with Silent Features:
- It is easy and quick Loan against the Security of Gold Ornaments
- It is easy Liquidity
- And it is Safety of the Ornaments, Under the Safe Custody of the Bank
Postal Certificate (N.S.C. Loan)
It is for Personal and Business Purpose with the Rate Of Interest is 11% and Period of loan is till the Maturity Date of Certificates. To Security for Postal Certificates (Banks lien to be noted on the Postal certificates Pledged with Bank at the Post Office from where it is purchased). All Loans are subject to discretion of the Bank & subject to conditions stipulated by Bank. Interest Rate are subject to change without notice.
Vehicle Loan
Personal Vehicle Loan
The target Group is Salaried Person working in reputed companies, firms, ofessionals and Businessmen with the Purpose is purchase of 2 wheelers, Car for own use and the maximum Loan Amount is 85 % of Vehicle Quotation (inclusive of Basic cost+ duties, tax & Insurance)
The Period of loan is often 5 years with Interest Rate is around 12%
Commercial Vehicle Loan
The Purpose of this loan is Purchasing of taxi, Rickshaw, Cars and others 4 wheeler Vehicle for Transport Purpose. Maximum Loan Amount is 85 % of Vehicle Quotation (inclusive of Basic cost+ duties, tax & Insurance)with Period of loan is 5 years and the Interest Rate is 14%. To Security you need to noticed that: Hypothetical of Vehicle with Regional transport Office and 2 Guarantors. Penal Interest 2% for the Defaulted Amount for the Defaulted Period, Prepayment Penalty Nil
Fixed Deposit Loan
This loan has many advantages and i think it is really important for you when you are wondering if choosing this loan or not:
- Easy & Quick Loan against the Security of own Fixed Deposit Receipts
- Easy Liquidity
- Fixed Deposit receipt to be discharged and submitted to the bank
- Maximum Loan amount 90% of Fixed Deposit Amount
- Interest is charged the rate of 2 % above the fixed deposit Interest Rate
- Interest is charged Monthly, Amount to be repaid at will & If a borrower is unable to pay the loan the Maturity amount of Fixed Deposit is transferred to his Fixed Deposit loan Account
- Interest on Fixed deposit is directly credited to the Fixed Deposit Loan Account
- Period of loan is till the maturity of Fixed Deposit Receipt
- Interest is charged monthly