• 02692 232340, 237574, 238347
  • info@vvccbank.com
Purpose For salaried persons only.

  1. Social Occasion
  2. Medical Expenses
  3. Purchase of household items / equipments
Loan Amount Max. Up to Rs.1,00,000.00 (Rupees One Lakh Only)
Rate of Int. 13.00%
Security
  1. Post Dated Cheques / NACH Mandate of Salary Account
  2. 1 Guarantor

Terms and Conditions:

  • Hypothecation of Machinery / Equipment.
  • Collateral Security required.
  • KYC Documents with 2 Latest Photographs
  • 3 Yrs. I.T. Returns/ Balance Sheet and Statement of Net worth.
  • Last 2 Yrs. Bank Account Statements.
  • Project report (CMA Data) CA certified. (if new business)
  • 2 Guarantors required with KYC and Statement of Net worth.
  • Additional Shares (Linking Shares) to be taken @ 01.00% of sanctioned Limit.
  • Linking Share amount will be adjusted/refunded at the time of closer of loan account.
  • Dividend on linking Shares will be transferred in account as and when declared by the Board of Directors.
  • Penal interest @2% extra will be charged in case of irregular A/cs.
  • No Objection Certificate from other bank if any other facility availed.
  • Principal / Collateral Security must be covered by insurance.