Banner Mansa Central Cooperative Bank

IFSC Code: UTIB0SMSA01 | Latest Scheme: |




      Personal Loan


Beneficiary
Employees of Punjab Govt., PSU, Boards, Corporations etc.

Purpose
Credit Facility for meeting out socio-economic & domestic needs.

Loan Limit
15 times of gross monthly salary or RS. 4.00 lakh, whichever is less

Rate of Interest
15%

Repayment Period
Maximum 7 years.

Collateral Security
Two Good Sureties as per satisfaction of the bank


      Consumer Durable Loan


Beneficiary
Employees of Punjab Govt., PSU, Boards, Corporations etc.

Purpose
Credit Facility for meeting out socio-economic & domestic needs.

Loan Limit
10 times of gross monthly salary or RS. 2.00 lakh, whichever is less

Rate of Interest
15%

Repayment Period
Maximum 5 Years

Collateral Security
Two Good Sureties as per satisfaction of the bank


      Overdraft Facility


Beneficiary
The beneficiary will be a regular/permanent employee of Punjab Govt., Semi Govt., Autonomous Bodies, Boards and Corporations, Apex, District, Cooperative Institutions or any other organization with the approval of BOD, whose salary is being credited in the saving account of bank branch.

Loan Limit
Maximum 1.50 Lakhs

Rate of Interest
13%

Repayment Period
Renewable each year.

Collateral Security
Two Good Sureties as per satisfaction of the bank