RETAIL CREDIT


AGVB Personal Loan Scheme :

To meet the lawful personal expenses.

Eligibility : i) Salaried permanent employees of Govt./Public Sector/Corporate Organizations with check off arrangement
ii) Professional and Self Employed Persons viz. Architects, Enginners, Doctors, Lawyers etc. with annual income not less than Rs.2.00 lac.
Limit : Salaried Persons :
i) Rs.60000/- or 6 months gross salary whichever is lower
ii) Where wife is a co-borrower Rs.1.00 lac or 10 months gross salary
iii) Where wife is a co-borrower and working lady Rs.1.20 lac or 12 month gross salary.
Interest : Refer to Rate of Interest Page.

 

Asomi Consumer Durable and Car Loan Scheme :


Consumer Durable Loan :
Loan for purchase of House Hold Appliances/ Two Wheeler.

Eligibility : i) Applicant must be a depositor of the Bank
ii) Minimum Net Monthly income should be Rs.5000/-
iii) Parmanent employee of Govt./ Public Sector/Corporate Organisation or Professional and Self Employed Persons with reasonable income surplus.
Loan Amount : Minimum Rs.5000/- and Maximum Rs.1.50 lac( in case wife is Co-borrower loan may be raised to Rs.2.00 lac) subject to the condition that loan amount does not exceed 15 months net income of the applicant and total deduction does not exceed 60% of Gross salary).
Interest : Refer to Rate of Interest Page. 0.25% rebate admissible if loan is availed jointly with wife.


Car Loan Scheme :
Loan for purchase of Motor Car.

Eligibility : i) Applicant must be a depositor of the Bank
ii) Minimum Net Monthly income should be Rs.5000/-
iii) Permanent employee of Govt./ Public Sector/Corporate Organisation or Professional and Self Employed Persons with reasonable income surplus.
Loan Amount : Maximum Loan Aount is Rs.3.50 lac (in case wife is co-borrower Rs.4.50 lac) subject to the condition that loan amount does not exceed 15 months net income of the applicant and total deduction does not exceed 60% of Gross salary).).
Interest : Refer to Rate of Interest Page. No penalty for pre-payment of loan.