Recharge
Pay Bills
Fee Collections
Pay Taxes
Net Banking
- Term Loan
- For purchase of following House hold Goods (not for Commercial Activity):
- TV (LCD, LED, 3D etc.)
- Refrigerators and Deep freezers.
- Washing Machines.
- Home theater and Music systems.
- Vacuum Cleaners.
- Water Purifiers.
- Geysers.
- AC (Split as well as Window)
- Heating Equipment’s ( Electric Heaters including Oil fired Heaters, LPG Heaters/ Bukharis)
- Generators (only non-kerosene).
- Invertors Complete Kit.
- Invertor Batteries
- Furniture (Steel & Wooden)
- Cooking Range ETC.
- Permanent Employees of State / Central Government, Government / Semi-Government Undertakings & Autonomous Bodies.
- Employees on contractual basis with Central/State Govt, Government/Semi-Government Undertakings& Autonomous bodies shall be eligible, if they have been in current contractual job for a period not less than I year and the remaining contract period is longer than the chosen repayment period.
- Teachers under Rehaber-a-Taleem, J&K Govt.
- Officials under Rehaber-a Zeerat, J&K Govt.
- Pensioners both State/Central drawing their monthly salaries/pension through our bank.
- Employees of Private Limited Companies, Private Organizations, Reputed Establishments having a minimum 1 year relationship with our bank (Assets or liabilities).
- Professionals, self-employed individuals (Businessmen included) & Proprietorship Concerns, having a minimum 1 year relationship with our bank (Assets or liabilities)
- Finance under this Scheme shall also be provided to regular teachers of recognized private schools (must be permanent residents of Union Territories of J&K and Ladakh).
- Minimum Age : 21 years.
- Maximum age of Applicant at loan maturity:
- For employees : one month before retirement
- For pensioners: 70 Years.
- For others: 65 years.
- Maximum : Rs. 1,50,000/-
- 10% of the cost of Consumer Durable Item (s).
- PRIMARY:
- For loans Up to Rs. 40000/- : NIL
- Loan amount Above Rs. 40,000.00 : Hypothecation of Goods be purchased.
- COLLATERAL:
- Nil for:
- Permanent Government employees drawing salary through our Branches & where letter of confirmation is available. For Pensioners the spouse of the pensioner should be taken as Co- Borrower.
- Platinum / Gold / Premium plus Current account holders, having maintained satisfactory accounts for at least last 6 months.
- Cash Credit / SOD account holders having a sanctioned limit above Rs 5 lacs and minimum average utilization percentage above 70% from at least 6 months prior to this facility.
- Customers having Fixed Deposit accounts of value more than Rs. 5 Lakh in the Business unit sanctioning the facility. The deposit should be more than 4 months old at the time of disbursement of the loan.
- Third Party Guarantee of one person for all other categories.
- For loans up to Rs. 75000.00 : Rs 250.00 plus applicable GST.
- For Loans above Rs. 75001.00 : Rs 500.00 plus applicable GST.
- 3 year MCLR plus 3 %, fixed rate of interest with monthly rests.
- Click here for rate of Interest
- Maximum loan tenor 48 months