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 SAO (CROP LOANS) UP TO 1.00 LAKH -0%
2ST OTHERS Below 5.00 lakh - 12.15% (PACS 10.65%) above 5.00 lakh to 10.00 lakh -12.65%
3NFS13%
4 HOUSE MORTGAGE /REPAIR 12%
5JLG( 4-10 members in a group) PACS - 12% , Utilmate Borrower -13%
6GOVT. SPONS SCHEME 14%
7SHG(6-20 Members)12%
8 WCS individual 13%
9 PWCS 12.40
10PERSONAL LOAN 12%
11 HOUSE CONSTRUCTION 11% 11%
12 CAR LOANS 12%
13 Cash Credit12%
14 TRACTOR (11.15-12.65%) LT Normal
15LS DAIRY1st installment (11.15-12.65%) LT Normal
16 TWO WHEELER (11.15-12.65%) LT Normal
17SHEEP UNIT (11.15-12.65%) LT Normal
18 GOAT (11.15-12.65%) LT Normal
19 POULTRY(11.15-12.65%) LT Normal
20 Land Development (11.15-12.65%) LT Normal
21 Commericial Tractor Implements 12%
22 Vacant Land / site mortgage loans11%
23 EDUCATIONAL LOANS 12%
24 Solar Loans 13%
25 DAIRY TIE UP LOANS 10.50%