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.