News and Updates

We have introduced services of RTGS and E- Tax payment of income tax.

We are opening a new branch with Inter connectivity

During financial year
2009-10, Bank achieved “A+” Rating by RBI.

As per RBI guidelines, all eligible deposits have been covered under the deposit insurance scheme of DICGC.

Safety deposit lockers are available with us.

Avail Gold loans from Mahaveer Bank.

 


   
BUSINESS LOAN OR MORTGAGE LOAN

For investment in business.

Rate of Interest 15% -  17%( On Actual Diminishing Balance)
Share Linkage 2.5% of Sanctioned  Amount  and Guarantor – Minimum 10 Shares
Period Business loan in case of CC/OD  A/c  - 1 Year (Subject to renewal)
Term loan 5 Years
Processing Fees 1% of loan amount + s.t.

  
Address and ID proof and 3 photos of Borrower and Guarantor
Advance Repayment excepted.
Stamp Duty – A.P. Govt. Stamp Act – 0.5% of Sanctioned Amount.
Personnel Guarantee – One Person
Collateral Security: Mortgage of Property
Sale deed with 30 years link
Latest E.C. and Property Tax receipt.
Last 3 years I T Returns , Balance Sheet, Profit and loss account
Sanction Plan or Permission

LEGAL ADVOCATE FEES : Rs.500/-
VALUATION CHARGES – IT DEPENDS ON THE VALUE OF PROPERTY , INITIALLY  RS.3000/- TO BE DEPOSITED .

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