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Loan for Industrial Purpose

Type of loan

Long term loan – Non-agriculture.

Method of Repayment



Industrial Purpose (self employment).

Eligibility Criteria             

Individuals  &  Institutions.

Scale of finance

Not applicable.

Limit of loan      

According to the project.


Project based

Holiday period   

6 / 12 months (Interest is to be remitted in holiday period)

Repayment period

As per project

Rate of interest 

As per interest structure.

Penal Interest

2% for overdue installments. When the loan becomes fully overdue 2% of additional interest on contract rate is charged.


1)   Up to 50000 service charge is collected @ 0.25% of total Loan amount sanctioned. Above 50000 it is    @ 0.5%.this is credited under the head HO miscellaneous income.
2)   Risk fund @ 0.25% of loan amount is collected from the loanee with a minimum of Rs: 100 and a maximum of Rs:525. Risk fund collected is kept under Suspense liability and once in a month transferred to HO.




Personal Surety and Mortgage security.

Personal surety - Upto 2 lakh only. Insurance policy in the joint name of bank should be submitted to bank.

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