In our finance services interest rates 1. Vehicle loan A. Bike loan B. Car loan C. tractor loan D. lorry loan Fees & Charges for Two Wheeler Loans Description of Charges Two Wheeler Loans Maximum - 3% of Loan Amount or Rs.300/- whichever is Loan Processing Charges higher Within 7 months to 12 months from the 1st EMI - 5% of principal outstanding Pre-payment charges 13-24 months from 1st EMI - 4% of principal oustanding Post 24 months from 1st EMI - 2% of principal oustanding Prepayment is not allowed within six months of EMI repayment No Due Certificate / No Nil Objection Certificate (NOC) Duplicate no due certificate / Rs 150/- NOC Solvency Certificate NA Charges for late payment of EMI 1.8% Per Month on the Unpaid Installment Charges for changing from fixed NA to floating rate of interest Charges for changing from NA floating to fixed rate of interest Stamp Duty & other charges As per applicable laws of the state Credit assessment charges Upto Rs.550/- Non standard repayment charges Rs 150/- Outstation clearing charges Rs 15/- per cheque Cheque swapping charges Rs 100/- Loan cancellation / re-booking Rs 600/- charges Bounce Cheque Charges Rs 200/- Duplicate Repayment Schedule Rs 200/- charges Legal, Repossession & Incidental At actuals charges Direct Sourcing Charges Upto Rs250/- per vehicle Transaction Fee for Suraksha Rs 50/- per Cover Note Issued Kavach Service Charges Nil Special NOC Nil 2. Gold loan Interest 1 Rs only Star Mahila Gold Loan Scheme Purpose of Loan For purchase of Gold ornaments, preferably hallmarked, from reputed Jewellers and/or Gold coins of Bank of India. Target Group Resident Indian Women Working Women : Women permanently employed in Central/State Govt./PSUs/ Scheduled Banks/Teachers of Govt. Aided Institutions; and include professionals like Doctors/ C.As/Chartered Engineers etc.,Non Working Women : Not having income proof. Spouse/other close relative who satisfy income criteria to join as co-borrowe. Age 18- 60 years Rating Exercise Applicant should get minimum 20 marks, under banks rating exercise, to be eligible for loan under the scheme. Type of Advance Demand/ Term Loan Quantum of Working/Non-working women : 10 times of monthly net emoluments (take home Advance salary of self/spouse, in case of non working women) Professional : 50% of Gross Annual Income as per latest Income Tax Return Minimum Rs. 50000/- Maximum Rs.2 lacs. Margin 20% of the cost of Jewellery/Gold. Interest 3% above Base Rate, presently 11.00% p.a., at monthly rests. w.e.f. 01.07.10 Penal Interest To be levied as per prevailing guidelines in this regard from time to time . Repayment Maximum 60 EMIs .However, repayment period not to exceed the age of 65 or retirement age of the borrower, whichever is earlier. Repayment through salary deduction /post dated cheques . Net take home Min. 50% of the gross income of the applicant/ spouse, in the case of non-working pay (net of EMI ) women. Security For Loan over Rs.50,000/- liquid securities [NSC/KVP/Insurance Policies- surrender value] for the amount exceeding Rs.50,000/-. Disbursement By DD/ Pay Order favouring the seller ( with the name of the Bank and Account Number). Stamped Receipt/ Invoice for the total cost of jewellery (i.e Loan Amount plus Margin ) to be obtained. Proforma invoice required for a loan amount of Rs. 1 lac and over. Processing For Loan upto Rs.50,000 - Rs.500/- . Over Rs.50,000- 1.10% of the loan amount Charge Min. Rs.500/- Other Charges Stamp charges for documents at actuals. Loan Agreement copy charges:: As applicable Purpose i) Priority Sector – For production purpose(both for short term & medium term) ii) Non-Priority Sector – For other purposes (not covered under Priority Sector i.e. Medical Expenses, unforeseen exigencies, etc.) Eligibility Individuals (except goldsmith, jewel appraisers and their close associates) are eligible. Proprietorship concerns/partnership firms/ companies are not eligible under the scheme. Advances to farmers, artisans, released bonded labourers, SC/ST and other weaker sections of the Society are to be considered under Priority Sector. Advances under Non-Priority Sector may be considered preferably to our existing customers as well as to proposed potential customers. Branches should ensure that the proponents should have capacity to service the loan. Quantum of i) Priority Sector – Advance & a) Existing Card Limit for 22 carat gold – Margin i.e. Rs.6750/- per 10 gms. of 22 carat purity gold ornaments with reduction of Rs.300/- for every drop of one carat if there is a drop in purity/fineness of gold. Since gold prices are ruling over Rs.10,000/- consistently, revised card limit for 22 carat gold is as under : Rs.7000/- per 10 gms. of 22 carat purity gold ornaments with reduction of Rs.310/- for every drop of one carat .b) Card Limit for gold coins - Since gold coins are at 99.99% purity with 24 carat, the card limit is fixed at Rs.7500/- per 10 gms. against gold coins. For every fall of Rs.500/- in gold price, the card limit for gold coins will be reduced by Rs.500/-.c) The present rate of interest being 10%p.a. for limits uptoRs.50,000/- under Agriculture, branches will be able to realize their dues without difficulty even if the borrower fails to repay the dues for 2 crop seasons at same price.d) With this upward revision of card limit, the branches will remain competitive in the gold loan market by actively pursuing the Scheme and it will enable the branches to garner maximum business under the Scheme. ii) Non-Priority Sector – Min. Rs.20,000/- Max. Rs.3 lakh for urban and Metro Branches for lending against tamper proof gold coins Rate of i) Priority Sector - Interest As per prevailing instructions of the Bank.ii) Non-Priority Sector – 1.25% less BPLR presently 12%p.a. at monthly rests. Processing For Rural branches - Charges For loan upto Rs.50,000/- : Nil Over Rs.50,000/- to Rs.2 lakh : Rs.130/- Above Rs.2 lakh : Rs.115/- per lakh subject to a maximum of Rs.1.30 lakh For Other branches – For loan upto Rs.50,000/- : Nil Over Rs.50,000/- to Rs.2 lakh : Rs.150/- Above Rs.2 lakh : Rs.150/- per lakh or part thereof max. Rs.1.50 lakh Valuation Loan Limit Max. per occasion rural/ Max. per occasion metropolitan charges semi urban & urban Loan upto Rs.25000/- 25 50 Above Rs.25000/- to 50 100 Rs.50000/- Above Rs.50,000/- to Rs.1 75 150 lakh Above Rs.1 lakh 100 200 Type of Demand Loan i.e. upto 36 months Loan Repayment i) Priority Sector – For productive purposes, the repayment schedule should coincide with that activity i.e. with the harvest of major crops undertaken by the borrower or income pattern in respect of farm/ non-farm activity. ii) Non-Priority Sector - Repayable on demand Max. 36 EMIs.Common for both Priority & Non-Priority Sector - If loan remains overdue for more than 6 months, immediate follow-up should be done with the borrower for payment of dues. In case there is no response, action should be initiated to protect the Bank’s interest.In case any borrower is not responding to Bank’s follow-up for payment of dues, immediate action should be initiated for revaluation and auction of the pledged gold articles Security i) Pledge of gold ornaments; ii)Pledge of tamper proof gold coins issued by our Bank/ other banks. 3. Educational loan MBBS, IAS, IPS, LAW, UG ONLY Information on Education Loan Purpose For Studies in India and Abroad Eligibility Studies in India: Graduation courses/Colleges under Universities approved by UGC. Other courses leading to diploma / degree etc. conducted by colleges / universities approved by UGC / Govt. / AICTE / AIBMS / ICMR etc. Studies Abroad : Job oriented Prof./Technical / PG courses/ Post Graduation: - MCA, MBA, MS etc Age Student should be Indian national, have secured admission by Entrance test / Merit bases selection. Maximum amount In India : Rs. 10.00 lac Abroad : Rs. 20.00 lac Security Up to Rs. 4.00 lac - Clean Guarantor Above Rs.4.00 lac to Rs.7.50 lac - Satisfactory third party Guarantee Above Rs. 7.50 lac Value of collateral security after providing requisite margin as below should be equal to the quantum of finance plus 2 acceptable guarantor. Computers purchased out of loan be hypothecated. Margin Up to Rs. 4.00 lac - Nil Above Rs.4.00 lac - 5% for studies in India 15% for studies abroad Deduction Limit N.A. Rate of Interest Loans up to Rs. 4.00 lac (Base Rate + 2.00%) Loans above Rs. 4.00 lac (Base Rate + 2.75%) Simple interest during moratorium period, there after compounded monthly 1% interest concession may be provided to the loanees if the interest is serviced regularly as and when applied during the study period when repayment holiday is specified for interest/ repayment under the scheme. Interest concession is available 4. House loan Eligibility Salaried employees, Professionals like Doctors, Lawyers, Engineers, Chartered Accountants, Self-employed persons. Requests are also considered in special cases from Group of individuals, NRIs, PIOs, HUF, Prop. Firm, Partnership firms and corporate. Purpose To purchase/construct house/flat To renovate/extend/repair existing house/flat. To purchase a plot of land for construction of house. To acquire household articles along with the house/flat-for furnishing the house/flat. Quantum For construction/purchase of a house/flat-Rs.300 lacs of Loan Repairs/renovation/extension/addition to house/flat - Rs.20 lacs Purchase of a plot - Rs.30 lacs Purchase/acquire household articles for furnishing the house/flat - Rs.1.00 lac. (15% of Home Loan amount) Minimum size of Housing Loan:- At Metro and Urban Centres :-Rs. One Lakh At Rural and Semi Urban Centres :-No minimum size of loan. Processing For loans upto Rs.30 lacs One time @ 0.55% of loan amount min. Rs. charges 3000/- and max. Rs.10000/- For Loan over Rs.30 Lacs upto Rs.50 lacs – One time flat Rs.15,000/- For Loan over Rs.50 Lacs upto Rs.1.00 crore – One time flat Rs.20,000/- Loans over Rs.1.00 crore – One time flat Rs.25,000/- Loans over Rs.3.00 crores – One time flat Rs.50,000/- For Partnership firms & Corporate Borrowers – Processing charges will be double that of applicable to individuals For Rural areas –Processing charges will be 50% that of applicable to individuals in respect of loans availed by borrowers from rural areas from the Rural Branches. Conversion Switch over from: Charges i. Fixed to floating ROI- @0.25% p.a. on o/s balance for the remaining maturity of loan ii. Floating to Fixed ROI - @ 0.40% p.a. on o/s balance for the remaining maturity of loan. For i & ii above : max. Charge: 2.10% of o/s balance Charges for For every item of Deviation from the scheme norms – deviation One time additional processing charges min .Rs.3000/-; max. for set of from the deviations Rs.10,000/- scheme norms Margin For Loan upto Rs.10 Lacs – 15% For Loan over Rs.10 Lacs – 20% Note : Cost incurred by the proponent in the form of land already purchased/acquired by him/her (from their own sources) can be accepted as part of above said margin at the request of proponent. Liquid securities such as Banks TDR,NSC,KVP etc., can also considered as Margin, ensuring higher quantum of loan. Repayment( Highly flexible - maximum 20 yrs. including moratorium period of 18 can be months (max.) in monthly installments.Repayment will start on completion customised) of construction/purchase of house/flat or 18 months after first disbursement, whichever is earlier. Eligible Calculation of quantum of loan is related to Income/repayment capacity of Quantum of proponent/borrower. Loan/ EMI 48 times of gross monthly salary or 4 times of Salaried Employees : gross annual income based on I-T Returns. Self-employed/ Professionals /Individuals 4 times of their Gross annual income based on Engaged in Trade I-T Returns /Commerce/Business 5 times of Gross annual income based on I-T Chartered Accountants Returns. 6 times of Gross annual Income based on I-T Doctors Returns HUF/Proprietorship 4 times of cash accruals (PAT+Depreciation) /Partnership Firm/ as per their Balance Sheet/P&L Account Company Net take home pay/income (net of EMI of Proposed loan) should not be less than 45% In case of Individuals: of the gross monthly salary/income of applicant(s) In case of HUF/Proprietorship/ DSCR should be minimum 1.5. Partnership firm/Company : Fees / No administrative fees Charges No commitment charge Prepayment charges : i) No charges, if pre-payment is made from own sources of the borrower ii) 0.65% p.a. on the outstanding loan amount for remaining maturity of the loan, subject to max.2.25% of outstanding loan amount in case of take over by other bank/FI. Other Charges : Legal Expenses/Valuation Charges/Stamp Paper Charges At actual –Loan Agreement copy charge : as applicable Rate of Upto 5 >5-10 >10-15 yrs >15-20 Interest yrs yrs yrs w.e.f Floating Rate -Linked to floating reference 01.07.10 rate (% p.a. at monthly rest) FOR LIMITS UPTO RS.30 LACS: 9.00 9.25 9.50 10.00 FOR LIMITS OER RS.30 LACS UPTO RS.50 LACS : 9.75 10.00 10.25 10.75 FOR LIMITS OVER RS.50 LACS : 10.50 10.75 11.00 11.50 Interest on daily reducing balances. Interest applicable to residents as well as non-residents. Disburseme Request for 100% disbursement before completion of house/flat can be nt in permitted subject to availability of additional security of 125% of the advance unsecured portion of loan amount to be disbursed. Security ·Equitable Mortgage (1st charge) on land/flat/house. Third Party guarantee(if mortgage could not be created at the time of disbursement ). Additional i. Free Personal Accident Insurance cover for the borrower (covering Incentives accidental death as well as permanent total disablement) as per terms of insurance policy covering loan outstanding as on the date of accident. ii. Loan amount of Rs.100,000/-(15% of home loan - max.Rs.1 lac) for furnishing the house/flat at a rate of interest as applicable to housing loan under the scheme.Life Insurance cover to housing loan borrowers against risk of death during tenure of loan under Group Insurance Scheme in tie up with ICICI Prudential Life Insurance Co. Ltd. Insurance cover is optional. Low/ affordable premium rates. Insurance cover at a discounted rate in case of younger joint borrower. Bank will grant loan for meeting the premium amount payable upfront (single premium). Loan for premium will increase EMI only marginally. Avoids home loan burden on the family as home loan comes with Life Insurance cover. Protection against loan amount. Scheme is simple and hassle free. Higher non-medical limit: Age upto 45 years : Rs. 10 lacs, Age above 45 years : Rs. 8 lacs. Insurance premium is eligible for tax benefit u/s 80 C and claim proceeds are tax free u/s 10(10D), as per prevailing Income-tax laws Others Substantial Tax benefits available (as per applicable Income-tax laws) on:- Repayment of Installmentsof Housing Loan Payment of interest on Housing Loan 5. Land loan Hold the land lone 6. Health loan Loan and Financing resource directory for patients, health procedure, surgery and personal loan needs. Online resources for cash advance, settlement loan, bad credit loans, payday, credit cards, credit report, debt consolidation, debt relief, mortgage refinance, structured settlements, online degrees, health care degree, medical and healthcare careers, nursing career, health, life insurance, long term care, and personal bankruptcy information. Your online resources and guide to credit and loans online. Here you will find some of the best sources of lenders, lending companies and online applications for the credit and loan product you need. Access applications and apply online for all types of loans and credit products. Lending resources for healthcare, surgeries, and personal needs. 7. Agriculature loan Agriculture Finance 1. DLF KISAN GOLD CARD SCHEME (General purpose Agriculture Term Loan) ELIGIBILITY a. Farmers having good track record of repayment for the last two years. b. Farmers who have closed their loan account without default and not our current borrowers. c. Farmers who have defaulted in repayment but closed the Loan within the stipulated repayment period. d. Farmers who are maintaining deposits with the Bank. e. Good borrowers of other banks provided they liquidate their dues with other banks. f. Good farmers who have not availed loans from any bank. PURPOSE The borrower is at liberty to utilize 50% of the amount for any purpose, including consumption purpose and purchase of land. AMOUNT OF LOAN The amount of loan is limited to five times the annual farm income including income from allied activities or 50% of the value of the land offered as collateral security, whichever is less, subject to a maximum of Rs.10 lakh. RATE OF INTEREST Interest rate ranges from 1% below PLR. SECURITY Hypothecation of crops and assets, if any, created out of bank finance and existing movable assets such as milch animals, pump sets etc. The loan will be secured by equitable mortgage of properties worth double the loan amount, or term deposit receipts, LIC policies of adequate surrender value, NSCs completed lock in period or more etc. DISBURSEMENT Cash disbursals are allowed to the full extent of the credit limit. REPAYMENT The repayment period shall be 10 years. The due date of the instalment shall be fixed in such a way to coincide with the date of generation of income. 2. KISAN CREDIT CARD SCHEME ELIGIBILITY All agriculturists who are in need of short term production requirements. ATM facility and Personal Accident Insurance Scheme for life up to Rs.50000/- and permanent disability cover up to Rs.25000/- is available on request. PURPOSE To provide hassle free short-term credit to farmers on the basis of their land holdings for purchase of inputs and draw cash to meet their production needs. i.e. Cultivation expenses including allied activities with a consumption component. AMOUNT OF LOAN To be fixed on the basis of operational holdings and scale of finance with consumption component 15% (maximum Ra.10000/-) of production credit. The scale of finance to farmers who own cultivated land below one acre will be at the rate of Rs.40000/- (on pro rata basis) and farmers who own more than one acre with intensive farming of land be given at the rate of Rs.37500/- per acre and part thereof. RATE OF INTEREST Interest rate ranges from 2.50% below to 1.50% above BPLR for various limits. REPAYMENT Running Cash Credit account for 36 months subject to annual review and total annual credit should exceed annual debit. 3. HOMESTEAD FARMING PURPOSE A scheme for financing farmers practicing mixed cropping / inter cropping along with allied activities to enable them to undertake cultivation of various crops in a more integrated way. The scheme provides the farmers with sufficient working capital required for their homestead farming (Mixed cropping along with allied activities) by fixing scale of finance based on land holding to meet the cost of entire farming activities. AMOUNT OF LOAN The farmers who own cultivated land below one acre be given the scale of finance on pro rata basis at the rate of Rs.40000/- and farmers who own more than one acre of land be given at the rate of Rs.37500/- per acre and part thereof. RATE OF INTEREST Interest rate ranges from 2.50% below to 1.50% above BPLR for various limits. REPAYMENT The facility will be sanctioned as an Agriculture Cash Credit limit (In case of Kisan Credit Card running cash credit). 4. LOAN FOR ESTATE PURCHASE ELIGIBILITY The estate should be either in yielding stage with the crops in its prime yield age or capable of being developed in to a viable unit. The yield / net income of the estate should be sufficient to liquidate the proposed loan and interest accrued with in a period of 7 to 10 years. The proposed estate should be free from encumbrance and entire property should be offered as security to the loan. PURPOSE To encourage those who prefer to settle down in agriculture and are in the look out of good / viable estates for purchase and also to improve production in agriculture. AMOUNT OF LOAN The quantum of loan that will be considered for sanction will be 75% of the registered value or 50% of the market value whichever is low. In exceptional cases 80% of the registered value or 50% of the market share whichever is low is also considered. The loan for the development of the estate like land development including working capital can also be sanctioned. RATE OF INTEREST Interest rate same as BPLR REPAYMENT Repayment of loan will be in quarterly/half yearly / yearly instalments depending on the harvest of the crops and the loan shall be repaid within a maximum period of 7 to 10 years. 5. SCHEME FOR FINANCING FARMERS FOR PURCHASE OF LAND FOR AGRICULTURAL PURPOSES ELIGIBILITY Small and Marginal farmers - land maximum upto 5 acres of non-irrigated land or 2.5 acres of irrigated land including the land purchased under the scheme. Tenant, sharecropper and landless agricultural labourers with a good record of prompt repayment of our loans for the last 2 years are also eligible. PURPOSE To finance small and marginal farmers, share croppers, tenant cultivators for purchasing land to expand activities and to make existing small and marginal units economically viable to bring fallow lands and waste lands under cultivation to step up agricultural production as well as productivity also to finance share croppers / tenant farmers to enable them to diversify farming activities to allied areas to increase their income. AMOUNT OF LOAN Maximum loan under the scheme towards land cost shall not exceed Rs 5 lakh. Cost of development/economic activity shall be financed under the bank’s other financing schemes. RATE OF INTEREST Interest rate ranges from 1.75% below to 2.00% above BPLR for various limits. REPAYMENT Repayment of the loan will be 7 to 12 years in half yearly / yearly installments with maximum of 24 months moratorium period. Gestation period / repayment due dates etc will be fixed according to income generation from the activity. 6. SCHEME FOR CULTIVATION OF MEDICINAL PLANTS ELIGIBILITY All agriculturists are eligible. PURPOSE Scheme for financing cultivation of 22 medicinal plants cultivated extensively and also in great demand in the local as well as foreign market. AMOUNT OF LOAN Depending on the area of cultivation / project cost RATE OF INTEREST Interest rate ranges from 1.75% below to 2.00% above BPLR for various limits. REPAYMENT Repayment should coincide with harvesting and marketing or at the time generation of income from the scheme. 7. SCHEME FOR CULTIVATION OF VANILLA ELIGIBILITY All agriculturists are eligible. PURPOSE Scheme for financing cultivation of Vanilla, a cash crop, gaining ground in the State of Kerala. AMOUNT OF LOAN Amount of finance will be Rs.250000/- per hectare for pure crops and Rs.210000/- per hectare for intercrop. RATE OF INTEREST Normal rate of interest as applicable to ATL REPAYMENT The loan shall be repaid within a period of 7 years, in yearly instalments. Farmers eligible for two years gestation period and interest is repayable on the 3rd and 4th year and the principal from the 5th to 7the year. 8.DLF RAIN WATER HARVESTING SCHEME ELIGIBILITY Farmers having land holding of 0.50 acre or more are eligible to be considered for finance under this scheme. PURPOSE Scheme envisages construction of low cost tanks for collecting and storing rainwater and using it for irrigation, by siphon arrangement, utilizing gravitation flow or by installing motor pump. AMOUNT OF LOAN Maximum amount of finance will be Rs.88000/- per acre. Scheme can be adopted in smaller areas also by reducing the cost proportionately. RATE OF INTEREST Interest rate ranges from 1.75% below to 2.00% above BPLR for various limits. REPAYMENT Repayment based on the income generated from the crops raised and and cropping pattern. The maximum period eligible for repayment is 8 years in annual instalments. 9. PRODUCE MARKETING LOAN (Advance against Warehouse Receipt) ELIGIBILITY a. Farmers / traders depositing farm produce in the warehouses of the central / state warehousing corporations. a. Scheme will be operative in Karnataka, Andhra Pradesh, Tamilnadu & Kerala. PURPOSE a. To protect the farmers from the compulsion to sell their produce immediately after harvest of produce despite an adverse mar MOUNT OF LOAN 70% of the value of the warehouse receipt, valued at the market value or 70% of the market price advised by Agri. Dept, HO whichever is less. RATE OF INTEREST Farmers Up to Rs.3 lakh - 3.50% below PLR 9.50% Above Rs.3 lakh - 2.50% below PLR 10.50% Traders 2.50% below PLR 10.50% (Irrespective of the limit) REPAYMENT On demand / 6 months which can be extended up to 12 months subject to satisfactory shelf life / market condition. 10. AGRI. LOAN TO NON-RESIDENT INDIANS ELIGIBILITY Agricultural advances are available to the resident family members (means spouse, father, mother, brother, sister etc.) of Non-Resident Indians for land-based activities in respect of the land held by them in India subject to: a. the loan should be need based and the total land holding of the Non-Resident Indian, in individual name or jointly with others, should not exceed 5 ha. b. The loan amount shall not be used for acquiring any additional land. PURPOSE To finance farmers only for land-based activities and to carryon agricultural activities on the existing land. AMOUNT OF LOAN The maximum amount of the loan will be need based. RATE OF INTEREST Interest rate ranges from 2.50% below to 1.50% above BPLR for various short-term limits and from 1.75% below to 2.00% above BPLR for various long-term limits. REPAYMENT The loan can be repaid out of the income generated from the agricultural activities or remittances from abroad or by debit to their NRE/NRO/FCNR accounts. 11. MINOR IRRIGATION Projects with cumulative command area of less than 2000 ha are called minor irrigation projects ELIGIBILITY The beneficiary should have a minimum of 50 cents of land to be brought under irrigation to ensure viability and repayment of loan. PURPOSE Scheme for developing irrigation potential, Minor Irrigation, Installation of Pump set Drip Irrigation etc. AMOUNT OF LOAN As per the project submitted. RATE OF INTEREST Interest rate ranges from 1.75% below to 2.00% above BPLR for various limits. REPAYMENT The loan shall be repaid within a period of 9 years, in yearly instalments. 12. FARM MECHANISATION Loan for Farm Mechanisation, Purchase of tractors, Power Tillers, etc. ELIGIBILITY a. Tractors with engine capacity up to 35 HP – The applicant should own / cultivate six acres of perennially irrigated land. b. Tractors with engine capacity above 35 HP – The applicant should own / cultivate eight acres of perennially irrigated land. c. Power Tillers – the applicant should own / cultivate four acres of perennially irrigated land. PURPOSE To purchase tractor / power tillers for agricultural activities. AMOUNT OF LOAN Amount of advance will be the investment cost of tractor / power tiller and implements less margin @15%. RATE OF INTEREST Interest rate ranges from 1.75% below to 2.00% above BPLR for various limits. REPAYMENT The period of repayment shall be 9 years for tractors and 7 years for power tillers. 13. AGRICULTURE GOLD LOAN ELIGIBILITY All individual farmers undertaking cultivation or other activities including allied activities are eligible for short-term finance. PURPOSE To meet genuine credit requirements of farming including allied activities, repairing of equipments and consumption needs etc. AMOUNT OF LOAN The eligible loan amount should be assessed based on the area under cultivation, crops(s) raised, scale of finance and not in relation to the value of gold offered as security. RATE OF INTEREST Interest rate ranges from 2.50% below to 1.50% above BPLR for various limits. For working capital loans like ACC/KCC/AGL up to Rs.3 lakh interest at the rate of 7% is extended as per RBI guidelines subject to the periods stipulated by RBI and beyond that normal rate will apply. REPAYMENT As applicable to Agri. Cash Credit accounts depending on the duration of crops raised and harvesting period and income generation, subject to a maximum period of 12 months. The account has to be closed at the end of the repayment period. 14. SCHEME FOR DEVELOPMENT / STRENGTHENING OF AGRI. MARKETING INFRASTRUCTURE, GRADING AND STANDARDIZATION ELIGIBILITY Scheme shall be available to individuals, groups of farmers / growers / consumers, partnership / partnership firms, NGO’s, SHG, Companies, Corporations, Cooperatives, Co-marketing Federations, Local Bodies etc. PURPOSE For development of agricultural marketing operations including strengthening of infrastructure, techniques of preservation, storage etc. AMOUNT OF LOAN As per the project RATE OF INTEREST BPLR irrespective of credit size. REPAYMENT Adequate long-term repayment period according to the project. 15. CONSTRUCTION / RENOVATION / EXPANSION OF RURAL GODOWN ELIGIBILITY The project for construction of rural godowns can be taken up by Individuals, Farmers, Group of farmers/growers, Partnership / Proprietary firms, NGOs, SHGs, Companies, Corporations, Co-operatives, Federations, Agricultural Produce Marketing Committees, Marketing Boards and Agro Processing Corporations. PURPOSE To create scientific storage capacity with allied facilities in rural areas to meet the requirements of farmers for storing farm produce, processed farm produce and agricultural inputs. AMOUNT OF LOAN As per the project. RATE OF INTEREST As applicable to advances under SIB / C&I segments will be charged. REPAYMENT Adequate long-term repayment period, not less than 5 years including a grace period of one year. 8. Computerr loan Computer Loan Parameters Details Purpose Purchase of Personal Computer and Laptops along with accessories. Eligibility All individuals including students, professionals and permanent salaried persons including staff members of the Bank Quantum of Need Based upto 80% of cost, subject to maximum Rs.1,00,000/- Loan Margin 20% Security Hypothecation of assets financed and acceptable 3rd party guarantee. The condition of Third Party Guarantee may be waived off, if the salary account is maintained with the Bank and EMI is debited from the salary account. It should be ensured that salary account is not transferred or closed during the currency of the loan and undertaking to this effect may be obtained from the employer or from the employee and this has to be registered with the employer. Insurance Computer / Laptop and accessories will be comprehensively insured with Bank clause through Bancassurance. Insurance will be for market value or atleast 110% of the loan outstanding whichever is higher. Repayment 36 months to 60 months. No Moratorium is allowed Period Rate of Interest BPLR+1% Processing Rs.100/- per proposal to be recovered immediately on sanction. Charges Other terms and Computer / Laptop and accessories will be comprehensively insured with Bank conditions clause through Bancassurance. In case of minor students, father / guardian of the student will be principal borrower. In case student is major, he will be taken as co-borrower, with father / guardian of the student will be principal borrower. Father / guardian / borrower should have known source of income to repay the installments. In case of salaried persons the take home pay should not be less than 50% after taking in to consideration present loan installment. Income of professional should be ascertained from last two years IT Returns. 9. Home purpose loan Kitchen items Deep freeze…A.c.. Cooler...Grander …washing mission…tv… woman house items interest rates daily change 10. Bussiness loan Business loan Dlf Presenting Barclays business installment loans, simple unsecured business loans available to small and medium enterprises for all your working capital needs. Business installment loan can be availed by: Self employed individuals / professionals Sole proprietorship firms Partnership firms Private limited companies and closely held limited companies Every small and medium sized enterprise needs access to working capital. The business installment loan not only helps you meet your working capital needs, but also helps fulfill your aspirations of expanding your business. With easy documentation and maximum benefits, this loan makes for some sensible capital fulfillment. The Barclays business installment loan offers you some great features like: Loans upto Rs. 35 lacs for your working capital requirements Hassle-free loans - No security / collateral required Repay with easy equated monthly installments Simple documentation- With a Barclays business installment loan, you will need to submit documents only once. In contrast, cash credit facilities need you to provide collateral / security and submit documents regularly. Enjoy a maximum loan tenure of upto 60 months Speedy loan processing - 7 business days --> Dropdown Loans Business Loan with drop down feature Barclays introduces ‘Drop down Facility’, a first of its kind in the Business Loan category. Through this facility you can benefit by lowering the interest rate for the remaining tenure of your loan by repaying all your EMI’s on time. In the dropdown facility, Interest rates are reduced by 1% each after 12 and 24 months on repayment of all EMI’s within due dates Rate reduction of up to 2% available in this program Benefits: You can enjoy lower EMI and reduced interest outgo simply by repaying in time. Table Graph Normal Business Instalment Drop Particulars Loan Down Loan Amount 2000000 2000000 ROI 18.00% 18.00% ROI after 12 months 18.00% 17.00% ROI after 24 months 18.00% 16.00% Loan Tenure (months) 36 36 EMI (Rs.) 72,305 72,305 Total interest Repaid 24 months(Rs.) 602,972 581,759 Savings on Interest in 24 months - 21,213 (Rs.) Please Note: The above numbers are indicative, do not represent our views on interest rate scenario and are dependent on your repayment behaviour. The drop down benefit in interest rate is applicable only if you pay all EMIs on time Terms and Conditions apply. Sanction and disbursement of the credit facility shall be at the sole discretion of the Bank. 11. Woman loan Are you tired of shopping around for the lowest commercial loan rate in the market or simply getting a quick approval for a small business loan to help jumpstart your business? We are a leading financial service company offering our clients a wide array of business financing solutions tailored to meet every specific business needs. Our financial products include but not limited to commercial real estate loans, small business loans, cash advance, and a newly developed business loan express program that can finance your business within a 72-hour funding time. We have a high approval rate for borrowers with various circumstances. Whether you're requiring specific incentive program such as a small business loan for minority or small business loan for women, we will find the best business loan program for you. Our wide network of direct lending relationship provides an opportunity for us to place you in the best loan program that fit your business needs. Start Up Business Loans(SBA Loans) SBA Loans are fully amortized for the length of the term ranging from 7 to 25 years depending on the use of the loan. No balloon payments at the end of the term. And up to 90% financing meaning only a 10% down payment is required by the borrower. SBA Loans are guaranteed by the government therefore providing the market with extremely competitive rates for small business loans up to $5,000,000. These small business loans can be used for commercial real estate purchases, working capital, as well as other uses sanctioned by the government. Veteran Business Loan & Minority Business Loan With over a hundred direct lending relationships available, we can offer the best incentive programs for our borrowers. We have a high approval rate for borrowers because we are not limited to a few programs available from a specific bank or lender. We also are able to provide incentive small business loans for veteran, women and/or minorities. These incentive programs for women and minorities may include reduced rates, quicker approval and funding, as well as many other benefits for veteran business loans. Business Credit Card With the highest approval rate among all types of financing, business credit cards are the most recommended form of funding by MyOwnBusinessLoan.com. A revolving line of credit can be used on inventory and normal office expenses. Once inventory is sold and profit is made, the line of credit can be paid off and used again to purchase additional inventory to be sold. A business credit card makes it easy for a start up business owner to track expenses through the credit cards monthly statement and report. 12. Hospital loan Same to Indian govt arogyasri type 13. Month interest loan Monthly in our mandal in charge give the money 1 Rs interest 1000 to 1, 00,000 Rs only 14. Vehicle insurance Vehicle Insurance, Types of Vehicles Insurance Vehicle insurance provides financial cover against damage caused to an insured automobile that occurs due to an accident, fire or theft. It also covers financial liability against damage caused to another person's property in the event of an accident. Nearly every country lays down specific rules to regulate vehicle insurance within its purview. The personal driving record, type and age of the vehicle, mileage and the area are the usual factors that determine policy premium. The extent of auto insurance cover also governs the premium amount. Categories of Vehicle Insurance Vehicle insurance can be divided into three broad categories on the basis of the cover. Third Party Vehicle Insurance: Most countries require third party insurance by law. Many states have a specified minimum limit for third party insurance. It pays for the loss that occurred upon another person's property. This applies in case of an accident in which the insured vehicle is deemed responsible. It protects the policyholder against financial liability towards the affected party. Third party insurance can be further divided into physical damage liability insurance and bodily injury liability insurance. Physical damage liability insurance pays for the repair of the damaged third party vehicle. Meanwhile, bodily injury liability insurance covers the medical expenses incurred by the third-party due to an accident. In short, when it comes to vehicle insurance, make sure you are well covered. Collision Vehicle Insurance: This type of vehicle insurance covers damage to the insured vehicle in case of an accident. In this type of insurance, the term 'accident' refers to collision with another car or an object resulting in loss of control leading to total damage. Collision policy comes with a deductible, which is the amount that an individual has to pay beforehand itself. Apart from the legally mandatory third party insurance, collision cover is also essential to avert financial damages. Comprehensive Vehicle Insurance: This policy provides cover against damage caused to the insured vehicle besides an accident. It includes theft, fire, vandalism and hails. A high-end comprehensive cover includes periodical repairs, guarantee on vehicle parts and vehicle's physical enhancement. The key to buying a cost-effective auto insurance cover is to understand the coverage one requires. The best way to start understanding this is to compare vehicle insurance quotes of different companies and buy the very best coverage accordingly. 15. Insta cash Insta Cash-International Visa Debit Cards INTERNATIONAL INSTACASH VISA DEBIT CARDS Dlf bank finance has tied up with Visa for its International Debit Card Program. A large segment of the Bank’s customers still prefer to spend from their income and savings rather than availing credit. With the introduction of Debit cards, this long felt desire of customers to pay for the purchases at shops and business establishments directly from their account would be fulfilled. No charges would be levied on such Point of Sale transactions. It would no longer be required for the customer to draw cash either from the ATM or from the branch counters to p their spends. Customers can use these cards at all ATMs that display the VISA logo. These cards can also be used globally during their visits abroad. IOB’s InstaCash ATMs would also open its doors to any Visa Member Bank’s cardholder. In addition, the card number can also be used through secured electronic payment gateways for e-commerce / Internet payments. The Bank has, in its constant endeavour to enhance customer service, already tied up with a consortium of Banks under the banner CashTree by which access to their individual accounts will be available from more than 1800 ATMs. Above INTERNATIONAL INSTACASH VISA DEBIT CARDS linked to other banks 16. Saving bank accounts Dlf Deposit Scheme titled "dlf Savings Bank Account" In order to include a larger cross-section of the population, who are at the bottom of the pyramid, to avail of the banking services who could not avail of the same on account of some restrictive clauses, namely, minimum initial deposit for opening of the account which is difficult to arrange by such population, maintenance of minimum balance failing which charges are levied etc., it has been felt expedient to introduce a new Savings Deposit Scheme titled "dlf No-frills Savings Bank Account". The salient features of the scheme so designed are as follows : 1. Title of the Scheme - "dlf No-frills Savings Bank Account". 2. Initial deposit for opening the account and maintenance of minimum balance - The account can be opened with a minimum initial deposit of Rs.5/-. In case of cheque facility being availed by the account holder, the minimum initial balance should be Rs.250/-. In case of need, the balance in the account may be allowed to go even below the minimum initial deposit and the account may continue even with "Zero" balance. Opening of Account under the scheme - The scheme is introduced in all metro, urban, semi-urban and rural categories of branches without making any differentiation with regard to amounts of initial deposit and maintenance of minimum balance as prevailing at present for opening of Savings Bank Accounts. 3. Eligibility for opening "No-frills Savings Bank Account" - The eligibility for opening "No-frills" Account will be the same as that for opening an ordinary Savings Bank Account. Persons above the age 10 and below 18 years and are able to read and write may also open a minor no-frills savings account in his own name or jointly with any other person. 4. Restriction of number of withdrawals/debit entries in "No-frills" Account - upto 25 debit entries in a half-year are allowed free in those accounts. In case the debit entries exceed 25 during a half-year, charges will be levied @ Rs.3/- per additional entry during a half-year. 5. Charges to be levied - a. For accounts opened with initial deposits of Rs.250/- for having Cheque Book facility, in case the balance comes down below the initial deposit even upto zero balance, usual charge for non-maintenance of initial deposit shall be levied. b. For standing instructions - no charge will be levied. c. Collection of cheques and issuance of Demand Drafts/MTs are permitted in those accounts and normal charges are to be levied for those services. d. For accounts with cheque book facility, one cheque book of 20 leaves to be provided free of charge in each year. Any additional requirement of cheque leaves during a year will attract a charge of Rs.2/- per cheque leaf. e. No incidental and folio charges will be levied in these accounts. f. All other charges for services as presently applicable for normal Savings Bank Account are to be levied and recovered. 6. Compliance of KYC Guidelines - Simplified KYC procedures for opening of Accounts as advised through Bank's Circular No. CHO/SUA/39/2005-06 dated 29.08.2005 may be adhered to. The salient features of the Circular are mentioned hereunder for ready reference : In case, the person concerned who wants to open the account is not able to produce any of the specified documents, required to be verified at the time of opening of account to establish the identity and address of the customer, the account may be opened for those persons subject to compliance of the following : a. Introduction from another account holder who has been subjected to full KYC procedure. The introducer's account with the bank should be at least six month old and should show satisfactory transactions. Photographs of the customer who proposes to open the account and also his address need to be certified by the introducer. or b. Furnishing any other evidence as to the identity and address of the customer to the satisfaction of the bank. However, while opening such accounts the customer should be made aware that if at any point of time, the balance in all his/her accounts with the bank (taken together) exceeds Rs.50,000/- or total credits in the accounts exceed Rs.1.00 lakh in a year, no further transaction will be permitted in the account until full KYC procedure in regard to verification of identity and address of the customer through the documents as specified are complied with. 17. Chits services Today, in this world financial planning is must for everyone to force any contingencies in life either that is related to business or otherwise. Housing, Education, Marriage and traveling all have become finance intensive. Many events like buying of house, a marriage, education of children are certain but the timing is not certain, therefore planning must be done accordingly. When the capital outflow is at large level, then chits offers flexibility of breaking this level into small levels. The person who are not working i.e. ladies or senior citizens and has regular source of income, they may subscribe to chits. Subscribing to chits is akin to creating a Generalized Contingency Reserve which may be liquidated in case of any business or Social Contingency, Target money is not bound by end-use considerations. The biggest advantage that the institution of chits fund has to offer is that you can plan in advance for any forthcoming capital outflow even if you are not aware about the exact timing of such outflow.