| Purpose | To Meet the general needs of the customers without any restrictions. Some of the purposes are listed below. |
| 1. Holding Stock, Receivables. |
| 2. Acquisition of land, building for purpose of establishing business |
| 3. Construction, renovation & up gradation of Offices, Business premises,Godowns etc. |
| 4. Purchase of Equipment's, Furniture, Vehicles etc. |
| 5. Meet working capital & general trade. |
| 6. Consumption purpose & repayment of High cost unsecured loans. |
| Eligibility | 1.Employees of State, Central Governments, reputed institutions whose net monthly income is above Rs. 10,000/-. |
| 2. In case of other than Salaried persons, minimum net annual income of Rs.1.00lakh. |
| 3.Individuals, Proprietorship firms, Limited companies engaged in Trade & Service activity. |
| 4.Professional & Self Employed persons. |
| 5.Income Tax assesses. |
| 6.Persons engaged in Agriculture & other activities |
| 7. Age within 60 years. |
| 8.Credit Scoring: Minimum 60 marks |
| Loan amount | 1. 36 times the net monthly income in case of salaried persons. |
| 2. 3 times the net annual income in case of others. |
| Income proof should be obtained in all the cases.Amount will be subject to EMI/NMI norms as per bank's guidelines |
| Margin | 50% of Forced Sale Value as per loan policy guidelines as security |
| Other conditions | 1.The property should be valued by an Engineer on the panel of Valuers of the Bank. |
| 2.The Branch Manager should inspect the property & be satisfied about the valuation of the property. |
| 3. Upto date EC should be obtained at the time of releasing the loan. |
| 4. Thereafter, EC should be obtained every year to ensure that no other charges are created on the property. |
| 5. Genuineness of title, Value of the securities & ability to repay the EMIs should be the three essential criteria for considering |
| the loan. |
| 6. Where Insurance is desired to be waived by the Borrower, an Insuranceindemnity will be obtained together with additional |
| security to the extent of 25% of the loan amount by way of Assignment of LIC Policy/Pledge of NSCs etc. |
