Sree Charan Suvarna Khatha OD Limit

Eligible category of borrowers

• Regular members of our bank only

Line of activity

• Persons engaged in business / professional services / Employees / others having good turnover / income.

Quantum of loan

• As mentioned in Interest chart

Repayment

• As Applicable.

Rate of Interest

• As mentioned in Interest chart (Subject to changes / revision from time to time)

Purpose

• Working capital / Business improvement / Business expansion

Security

• The security is the pledge of gold ornaments which would be appraised by the Bank’s appraiser. The margin has been fixed at a minimum of 30 %

Shares

• As applicable

Sureties

• 2 sureties who are necessarily to be Regular members / Nominal members of the bank Spouse should become one of the sureties.

Other charges

• As applicable.

Documents Required

• Specified loan application.
• Guarantor’s declaration form.
• Address and income proof of both borrower & sureties.
• IT Assessment orders (3 years) / Audited Financial statements.
• All original property documents.
• Valid legal opinion / valuation report on the property along with Insurance
• Required margin as the case may be
• Any other letter/document related to the activity/purpose as the case may be.
• The prospective borrower should be a current account holder for at least 3 months with a good track record.
• The OD limit will be for a period of 24 months subject to renewal thereafter.
• Certificate of balance is to be given once in 6 months
• Other terms & conditions as applicable.

For more details / clarification please contact your nearest branch.

Sree Charan Suvarna Khatha OD Limit