Scheme for priority / Weaker Section upto Rs. 5.00 Lacs


i. Eligibility	Any individual member of the Bank.
ii. Age	Up to 65 years
iii. Type of Facility	Term Loans.
iv. Limit	Up to maximum of ₹5.00 Lacs, subject to the repaying capacity of the borrower and also limited to 12 times the monthly income of the applicant.
v. Purpose	Only for priority sector.
vi. Rate of Interest	13% p.a., subject to change from time to time. Note: 9.50% p.a. for female borrowers requiring loan up to ₹1.00 Lac.
vii. Other Charges	As per Bank’s rules.
viii. Repayment	Up to a maximum of 72 equal monthly instalments.
ix. Sureties	Minimum two sureties, one of whom must be an income tax payee and not a family member.
x. Other Conditions	Borrower must submit proof of loan purpose to the satisfaction of the Bank. Borrower must provide income proof (ITR, salary certificate, pay slip, or affidavit). Borrower must have a low-risk credit score. For house repair, the house should be in the name of the borrower, spouse, parents, or parents-in-law (in case of female borrower). For housing loans, borrower must undertake that the dwelling unit cost does not exceed ₹45.00 Lacs. UDYAM Registration is mandatory if loan is for business purposes.