P & S BANK LOAN SCHEMES
- P&S Bank Housing Loan Scheme
- P&S Bank Personal Loan Scheme
- P&S Bank Auto Loan Scheme
- P&S Bank Consumer Loan Scheme
- P & S Bank Special Scheme for Doctors
The scheme facilitates for purchase of consumer durables other than vehicles.
| 1.Eligibility |
Employees of Central / State Govt., PSUs ,Local Registered Bodies, universities recognized by U.G.C. ,Schools/ colleges run by Govt. or local bodies with confirmed service of 3 years . Professionals /Self Employed , Employees of Bank's corporate clients and General public. |
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| 2.Age limit | 21 to 65 years | ||||
| 3. Quantum of loan |
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| 4.Margins | 10 % | ||||
| 5.Rate of interest | BPLR + 0.5% |
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| 6.Processing fee | Rs.100/- |
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| 7.Security | No collaterals , only hypothecation of assets created . | ||||
8.Guarantee |
Third party / mutual guarantee / guarantee of spouse except in salaried class cases where instalment is paid by salary deduction or undertaking from employer for remitting the terminal benefits is available . | ||||
| 9.Repayment | 12 to 60 Months | ||||
| 10.Prepayment Charges | 1% of the outstanding balance. |
P & S Bank Special Scheme for Doctors
| Purpose | Setting up / acquiring / renovation / expansion of clinics , Hospitals / Pathological / Clinical labs , Scan / Diagnostic Centers , Nursing Homes, Sanatorium etc and purchase of vehicles, ambulances, computers etc. |
| Eligibility |
Doctors having minimum qualification MBBS / BDS. |
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Type of Facility |
Term Loan upto Rs.1.00 crore |
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Margin |
15% |
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Security |
Hypothecation of assets acquired / Equitable / legal mortgage of property in the name of self / spouse / major children |
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Collateral Security : |
Upto Rs.25 lac – No Collateral required, if covered under CGTMSE. > Rs.25 lac upto Rs.1 crore – Collateral required . |
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Rate of interest |
Upto Rs.25 lac : PLR -2.50% p.a. i.e. 11.0% p.a. >Rs.25 lac upto Rs.1 crore : PLR-2.00% p.a. i.e. 11.50% p.a. |
| Prepayment charges | No Processing Charges for loans sanctioned upto 31.12.09. |
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Value added Benefit |
50% concession on locker rent for self and spouse for first two years. |
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Other Loans: |
Doctors may also avail Housing and Conveyance loan at attractive terms upto 31.12.09 |