Beneficiary
Farmers
Purpose
Production of Crops
Loan Limit
As per Land Holding and Scale of finance.
Rate of Interest
5.00%
Margin
Nor margin money required
Repayment Period
Half Yearly linked with Harvesting
Collateral Security
Nil.
Investment credit for installation of pump set, purchase of Agriculture implements, Land reclamation, Construction of bunds, Poultry, Piggery, Purchase of Milch Cattle, Gobar Gas Plant.
13.50%
As per scheme
Five Years
As per sheme.
Any individual farmer holding the agricultural land.
Credit facility for meeting out socio-economic needs
Maximum amount Rs 15.00 lakhs subject to Rs. 1.50 per acre.
11.50%
No Margin required.
Renewable on annual basis.
Agriculture Land valuing at 150% of the Loan amount.
Members of Coop. Milk Producers Society/ PACS.
Purchase of up to 10 milch cattle.
Maximum amount up to Rs. 5.00 Lakhs , Rs. 0.50 lakh per animal
10.25%
15%
Maximum 5 Years.
Mortgage of landed property value of 150% of the loan amount
Any Individual, Partnership Firm, Corporate body and any other Cooperative organization.
To increase the income of milk producers by helping them to purchase High yielding cattle and purchase of equipments
Loan Amount
Maximum amount up to Rs. 50.00 Lakhs.
Mortgage of landed property value of 150%of the loan amount.
Individual, Sole Prop., Firm, Coop. Societies or a Company
For the establishment of cottage, tiny and SSI Unit.
Maximum amount up to Rs. 25.00 lakhs at CCB Level.
Up to Rs. 0.50 Lakhs 12.00% Above Rs. 0.50 Lakhs 12.50%
Minimum 10%
Maximum 5 to 7 Years
Immovable Properties for the value of 150% of the amount.
Individual and Members of Coop. Housing Societies.
Purchase of built up house, construction of new house, repairs/Renovation and addition of existing house in rural house
Maximum amount up-to Rs. 15.00 lakhs.
9.00%
Maximum 5 years
Agricultural Land for the value of the 100% of the loan amount besides the Mortgage of house to be financed by the bank.
Individual and Members of Coop. Housing Societies
Purchase of built up house or flat, construction of new house, repairs/renovation and addition of existing house in urban house.
Maximum amount up to Rs 25.00 lakhs.
25%
Maximum 15 years.
First mortgage of House Property to be financed by the bank.
Employees of Punjab Govt., PSU, Boards, Corporations etc.
Credit Facility for meeting out socio-economic needs.
15 times of gross monthly salary or Rs. 6.00 lakh, whichever is less
14%
Maximum 7 years.
One Good Sureties as per satisfaction of the bank
Individual, Firm, HUF, Trust, Coop. Societies or a Company
For the purchase of new vehicle for business and personal use.
Maximum amount up-to Rs 15.00 Lakh or 80% of cost of vehicle.
Rate of Intt.
9.50%
Maximum 5 years.
Two Good Securities as per satisfaction of the bank besides the hypothecation of the vehicle.
Individual, Sole Prop., Professional and Partnership Firm.
For the purchase of second hand vehicle should be not more than 4 years
Maximum amount up to Rs. 5.00 lakh or 75%of cost of vehicle.
12.50%
Two Good Sureties as per satisfaction of the bank besides the hypothecation of the vehicle.
For the establishment of cottage, tiny and SSI unit.
10 times of gross monthly salary or Rs. 2.00 lakh, whichever is less
Maximum 5 years or Upto Service retirement
One Good Sureties as per satisfaction of the bank.
An agriculturist having land in his own name or his family member.
For the purchase of new two wheelers.
Maximum amount up to Rs. 0.50 Lakh.
12%
Two Good Sureties as per satisfaction of the bank.
Individual, Sole Prop., Firm, Coop. Societies or a Company.
For the meeting working capital requirement of business.
25 Lakhs
Salaried employees of Coop. banks, Punjab Govt./Chandigarh Administration and its boards and corporations as well as non salary earners subject to submission of adequate proof.
To provide financial assistance to deserving and meritorious student for pursuing higher studies in India or abroad.
Maximum amount up to Rs 15.00 Lakh.
11%
Nor margin required.
The installment will start after completion of course. Maximum 5 years.
Mortgage of landed property value of 150% of the loan amount. For the loan up to Rs. 5.00 lakh, no immovable security is required. If the loanee is the employee of Punjab Govt. or Coop. Dept.
Children of poor farmers, Dalits, BC and other poor section
To provide financial assistance for deserving and meritorious students for pursuing higher studies in India or abroad.
Maximum amount up to Rs. 10.00 lakhs.
7.25%
No Margin Required.
The installment will start after completion of course. Maximum 5years.
Mortgage of landed property value of 100% of the loan amount.
Any Individual
To offer instant solutions relating to socio-economic needs and business needs such as children’s higher education, Travel, daughter’s marriage and medical emergencies etc.
Maximum amount up to Rs. 25.00 lakhs.
Rate of interest
No Margin required
Maximum 6 years.
Collateral Period
Owners of the Property who have let out or proposed to be let out the same to reputed company.
For meeting business/personal needs.
Maximum to the extent of 75% of post TDS Rent Receivable for a period. Not exceeding 120 months or un expired period of lease.
13%
Maximum 10 years.
Mortgage of landed property value of 150% of the loan amount.
To meet the financial requirement towards earnest money deposit to book residential plot/built house or flat by Govt. Approved Agency.
As per scheme of the Agency.
As fixed by the bank.
No margin money required.
On Receipt of Refund from Housing Board.
No immovable Security is required. Only two post dated cheque req.
Any women beneficiaries’ member of the PACS
To establish the micro or small business in rural areas.
Rs. 25,000 through PACS.
PACS to members 9.50% CCB to PACS 7.50%.
No margin required.
One good Surety having landed property.
Any Individual farmer holding the agriculture land.
To grow the seasonal vegetables.
Maximum amount Rs. 90000.
upt .50 lakhs 12% and above it 12.50%
Maximum 5years
No collateral security required. Only sureties required.
Any individual farmer holding the agriculture land.
To purchase the agriculture implements.
Maximum amount Rs.10 lakhs
11.25%
Collateral security valuing 150% of the loan amount.
Individuals practicing as professionals such as doctors, advocate, chartered engineers, chartered accountants, company secretary, architects, I.T. professionals, interior designer, academicians running coaching centers.
Credit facility for meeting out socio-economic needs.
15 times of monthly gross salary or Rs 4.00 lakh, whichever is less.
Prepayment Option
Borrower can make the part pre payment of the loan. No penalty will be charged.
The valuation of the collateral security shall be 150% to the loan amount. In addition to that one guarantor known to the bank will also be taken.
The beneficiary will be a regular/permanent employee of Punjab Govt., Semi Govt., Autonomous Bodies, Boards and Corporations, Apex, District, Cooperative Institutions or any other organization with the approval of BOD, whose salary is being credited in the saving account of bank branch.
Maximum 3 Lakhs
Renewable each year.
Individual entrepreneurs, farmers, producers companies, partnership firms, corporations, NGOs, SHGs, JLGs and Cooperatives.
Setting up of pig rearing and breeding farms.
Maximum up to Rs. 10.00 Lakhs
12% upto .50 lakhs and 12.50% above it.
Maximum 5-6 years in equated monthly installments including grace period of one year.
Time pronote, hypothecation of the animals to be financed by the bank, guarantee of two persons having sufficient net worth and should be nominal member of the bank. No collateral security for loan for Rs. 1.00 lakh and above will be sanctioned on mortgage of landed property whose value should not be less than 150% of the loan amount.
Small and Medium entrepreneurs
Meet New Working Capital Requirement and Financial Need for renovation,purchase of shop, equipments and furniture
Maximum up to Rs. 5.00 Lakhs
Time pronote, hypothecation of the assets to be financed by the bank, guarantee of one person having sufficient net worth and should be nominal member of the bank.Collateral security should not be less than 150% of the loan amount.