Scheme for priority / Weaker Section upto Rs. 5.00 Lacs

Sr. No.	Particulars	Details
i	Eligibility	Any individual member of the Bank.
ii	Age	Up to 65 years
iii	Type of Facility	Term Loans
iv	Limit	Up to a maximum of ₹5.00 Lacs, subject to repaying capacity and limited to 24 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)
vii	Other Charges	As per Bank’s rules
viii	Repayment	Up to a maximum of 72 equal monthly installments
ix	Sureties	Minimum two satisfactory sureties of good means Note: Credit score of each surety must be at least 500 with no overdue credit facilities.
x	Other Conditions	a) Borrower must submit proof of the loan’s purpose to the bank’s satisfaction. b) Income proof is required (ITR, Salary Certificate, Pay Slip, or Income Affidavit). c) Borrower’s credit score must be in the “low risk” category. d) For house repair loans, property must be in the name of the borrower or their spouse/parents/parents-in-law (for female borrowers). For housing loans, total cost of the dwelling unit must not exceed ₹63.00 Lacs. e) UDYAM Registration is mandatory if the loan is for business purposes. f) If the borrower is already availing unsecured loans from another bank, total unsecured loans including the proposed loan must not exceed the permitted ceiling. Branch must verify this from the borrower’s credit report.