Loans & Advances

A loan is the act of giving money, property or other material goods to another party in exchange for future repayment of the principal amount along with interest or other finance charges. Advances are the source of finance, which is provided by the Banks to meet the short-term financial requirements in terms of a credit facility which should be repaid within one year.

VARIOUS LOAN PRODUCTS OFFERED BY US:

1. ST SAO(CROP LOANS)
2. ST OTHERS
3. NON FARM SECTOR LOANS
4. HOUSE MORTGAGE LOANS
5. JLG(4-10 MEMBERS IN A GROUP)
6. GOVT. SPOSERED SCHEMES
7. SELF HELP GROUP (6-20 MEMBERS)
8. PERSONAL LOANS TO EMPLOYES
9 .HOUSE CONSTRUCTION LOANS
10 . CAR LOANS
11. CASH CREDIT LOANS TO BUSSINESS PERSONS
12. BANK GUARANTEES
13. LT DIRECT LOAN
14. LT TRACTOR
15 . EDUCATION LOAN
16. LAND DEVELOPMENT LOAN
17. WCS individual

LOAN INTEREST RATES:


S.NO LOAN TYPE RATE OF INTEREST
1 ST OTHERS( UP TO 5 LAKHS) 11.50%
2 ST OTHERS ( 5 LAKH - 10 LAKH) 12.00%
3 ST SAO (DCCB TO PACS) 5.75%
4 ST SAO( TO ULTIMATE MEMBER) 7.00%
5 HOUSE CONSTRUCTION 9.00%
6 NFS (PMEGP) 12.00%
7 STAFF OVER DRAFT LOANS 9.00%
8 HOUSE REPAIR LOANS 12.00%
9 VACANT LAND 11.00%
10 SHG (UP TO 3 LAKH) 7.00%
11 SHG( 3 LAKH - 10 LAKH) 9.00%
12 Joint Liability Group 13.00%
13 PERSONAL LOAN 12.00%
14 EDUCATION LOANS 12.00%
15 L.T (DCCB TO PACS) 8.00%
16 L.T (DCCB TO MEMBER) 9.50%
17 GOLD LOANS(UNDER CKCC) 7.00%
18 GOLD LOANS 8.50%
19 WEAVERS 8.50%
20 CASH CREDIT 14.00%
21 Farmer Producer Organisation 9.00%
22 Custom Hiring Centres 9.00%