Swachhata Loan

The bank has presented this product for its members in order to fulfil the purpose of “ Clean India Mission”.

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Key Features
Client Eligibility
Fees and Charges
FAQ

Loans amout of Rs 27,500
This Product is only for Existing Members.
Exclusively for Toilet reconstruction/ rebuilding
Mutual guarantee

Only to existing Client - Clients who availed a loan of Rs.25,000 or above in the second cycle must have completed 8 months from the date of disbursement (second Cycle Loan).
Or
Clients who availed loan lesser than ?25,000 in the second cycle must have completed 3 months from the date of disbursement (second Cycle Loan)
All clients in the third cycle onwards are eligible to the loan subject to other eligibility norms are met.

23% interest per annum diminishing
Processing fee 1% of Loan Amount plus applicable taxes for Loan Amounts more than Rs. 25,000/-

What is the procedure for loan disbursement?

The loans should be disbursed in branch office only and the client, the guarantor, the credit officer, the cashier and branch manager need to be present during the disbursement.

In what form will I receive the loan amount?

The loan amount will be transferred in the Bank A/C at the branch office. The repayments will also be done in the Bank A/C at the branch office.

What's repayment plan?

The maximum repayment period allowed is for loan amount upto Rs.20,000 is One Year and above Rs.20,000 is 2 years. The repayment frequency may be weekly, fortnightly or bi-fortnightly as may be chosen by the client.

Key Features
1. Loans amout of Rs 27,500
2. This Product is only for Existing Members.
3. Exclusively for Toilet reconstruction/ rebuilding
4. Mutual guarantee
Client Eligibility
1. Only to existing Client - Clients who availed a loan of Rs.25,000 or above in the second cycle must have completed 8 months from the date of disbursement (second Cycle Loan).
  Or
  Clients who availed loan lesser than ?25,000 in the second cycle must have completed 3 months from the date of disbursement (second Cycle Loan)
2. All clients in the third cycle onwards are eligible to the loan subject to other eligibility norms are met.
Fees and Charges
1. 23% interest per annum diminishing
2. Processing fee 1% of Loan Amount plus applicable taxes for Loan Amounts more than Rs. 25,000/-
FAQ

What is the procedure for loan disbursement?

The loans should be disbursed in branch office only and the client, the guarantor, the credit officer, the cashier and branch manager need to be present during the disbursement.

In what form will I receive the loan amount?

The loan amount will be transferred in the Bank A/C at the branch office. The repayments will also be done in the Bank A/C at the branch office.

What's repayment plan?

The maximum repayment period allowed is for loan amount upto Rs.20,000 is One Year and above Rs.20,000 is 2 years. The repayment frequency may be weekly, fortnightly or bi-fortnightly as may be chosen by the client.