Renukamata Lone



Scheme NameScheme Description
PERSONAL LOAN Personal Loan upto 50000/- from 1 year to 3 years interest rate is 18% , Penal rate is 4%, Process, security and building fund 1% respectively and annual service charge 500/- Only
MORTGAGE LOAN Mortgage Loan from 10000 up to 1000000/- from 1 year to 10 years Interest Rate Is 17%. Penal Rate Is 2% , Process, Security And Building Fund 1% Respectively And Annual Service Charge up to Rs. 1 lac Rs.200 /- And Rs.100/- for next per lac.
Home Loan Cash Credit from 10000 up to 1000000/- from 1 year and renewal up to 10 years Interest Rate Is 17%. Penal Rate Is 4 % , Process, Security And Building Fund 1% (renewal of c/c must charge 1% process and 1 % scrutiny).Respectively And Annual Service Ch
Vehicle Loan Vehicle Loanfrom Rs.10000 up to 15 lacs , 1 year up to 5 year. Interest Rate Is 16%. Penal Rate Is 4 % , Process, Security And Building Fund 1%.Respectively And Annual Service Charge up to Rs. 1 lac Rs 200 and Rs 100/- for next per lac.
Gold Loan Gold Loan & Gold CC there isNo Limit, Period 1 YEAR. Interest Rate Is 16%. Respectively And Annual Service Charge UP TO RS 5000/- RS 50/-,FM 5001 TO 10000 RS 70/-FM 10001 TO 20000 RS100/-FM 20001 TO 50000 RS150/-FM 50001 TO 1 LAC RS175/-FM 100001 TO
SHORT TERM GOLD LOAN Short Term Gold Loan, No Limit, Period 3 Month. Interest Rate Is 16%. Respectively And Annual Service Charge UP TO RS 5000/- RS 50/-FM 5001 TO 10000 RS 70/-FM 10001 TO 20000 RS100/-FM 20001 TO 50000 RS150/-FM 50001 TO 1 LAC RS175/-FM 100001 TO 3 LAC
FDR Loan FDR Loan amount is 80% of principle and period up to FDR maturity. Interest rate is 2 % extra of FDR interest. Respectively And Annual Service Charge RS 50/- Per Annum

Also providing following facilities shortly:

n this facility our customers can pay their Direct Taxes( started from 11/08/2008) and Indirect taxes ( will begin from 25/8/2008) debiting their account through our BANK.

Tie up with IDBI Bank for issuance of Demand Drafts: This facility will be helpful for issuing demand drafts on approximately 500 centers of IDBI Bank. In this facility we can issue the demand drafts to the customer having special demand for Nationalized Banks demand drafts for payment of custom etc.
NECS( National Electronic Clearing System): In this system the ECS file will be uploaded centralized at MRO. Initially only the credit transactions will be uploaded. The settlement cycle for the same is one day ONLY.