The bank appears to offer a variety of loans tailored to individual needs, including:
Personal/Consumption Loans: These are designed to meet various capital requirements with a simple application process. They are often sought for purposes like medical expenses, travel, or other personal needs.
House Building/Housing Loans: For those who wish to build, buy, or repair a home. These loans often come with attractive interest rates and flexible tenure.
Gold Loans: Loans against the security of gold. These are typically a fast way to raise funds.
Education Loans (e.g., "Vidyarthi Vikash Yojana Loan"): For students to cover fees, hostel charges, and other educational expenses.
Professional and Self-Employment Loans: Designed for professionals like doctors, lawyers, and others who are self-employed.
Loans Against Securities: These loans are provided against various forms of security, such as:
Consumer Durable Loans: To finance the purchase of consumer goods.
Vehicle/Transport Loans: For purchasing vehicles, whether personal or for business.
Overdraft Loans: This facility allows a customer to withdraw money even if their account has no funds in it, up to a pre-set limit.
Top-Up Loans: An additional loan facility offered to existing home loan borrowers for any purpose (except speculative or illegal activities).
Common Features and Eligibility
While specific terms and conditions will depend on the type of loan, some general features and eligibility criteria often apply:
Eligibility: Typically open to salaried individuals with confirmed services and other individuals with a regular source of income.
Documentation: Generally requires minimal documentation, which may include:
Interest Rates and Processing: The bank generally offers competitive interest rates, with a processing fee that is a percentage of the loan amount.