Loans
By the way of opening remarks, we can say that the bank has devised various loan schemes to satisfy the needs of all types of borrowers by offering very attractive and competitive interest rates, comfortable repayment period and nominal processing charges.
- Loan Against Our Term Deposit
- Loan Against Our Daily Deposit
- Gold Loan & Advances
- NSC/ KVP/ LIC Policy Loans & Advances
- Personal Surety Loan (Unsecured)
- Salary Deduction Loan (Unsecured)
- Business Loans & Advances
- Mortgage Loans & Advances
- Housing Loan
- Vehicle Loan (Personal Use)
- Vehicle Loan (Commercial / Business use)
- EDUCATION LOAN (VIDYADAN)
- Ambar Yuva Education Loan
- Ambar Safar Loan
- Swayamsiddha Loan (Only for Women) (Finanncial Inclusion)
- Ambar Samruddhi : Overdraft (Only for Women) (Financial Inclusion)
- SSI Units - Loans & Advances
- Ambar Chhaya Loan (Retired Persons Drawing Pension / Family Pension)
- Ambar Consumer Loan
- Ambar Rajani Loan (Only for Women)
- Ambar Vikas Loan
- Ambar Décor Loan
- Ambar Housing Top-up Loan Scheme (Only for Existing Borrower's)
- Ambar Pro Loans & Advances (Doctor, Lawyer, Engineer, Architect, Actuary, Surveyor, Valuer, Chartered Accountant, DMLT, Company Secretary etc. (Subject to holding valid License/ Registration Number for the Profession)
Loan Against Our Term Deposit
| Purpose | All types of needs |
|---|---|
| Max. Loan Amount | 85% |
| Margin | 15% |
| Period | Till Maturity of Term Deposit |
| ROI (Floating) Percentage p.a. | 1% over & above the ROI of Term Deposit |
| Security | Lien on Term Deposit |
| Guarantors | N.A. |
| Processing Fee | N.A. |
| Collateral | N.A. |
| Share Amount | N.A. |
| Pre-Repayment Charges | No Pre-payment charges |
| Mode of Repayment | ECS/ PDC or Standing Instruction. |
Loan Against Our Daily Deposit
| Purpose | All types of needs (Personal / Business) |
|---|---|
| Max. Loan Amount | 85% |
| Margin | 15% |
| Period | Till Maturity of Term Deposit |
| ROI (Floating) Percentage p.a. | 8.95 |
| Security | Lien on Term Deposit |
| Guarantors | N.A. |
| Processing Fee | N.A. |
| Collateral | N.A. |
| Share Amount | N.A. |
| Pre-Repayment Charges | No Pre-payment charges |
| Mode of Repayment | ECS/ PDC or Standing Instruction. |
Gold Loan & Advances
| Purpose | All types of needs (Personal / Business) |
|---|---|
| Max. Loan Amount | 65% of Market Value of Gold Ornaments as reported By our panel Valuer. |
| Margin | 35% |
| Period | Up to Rs. 2/- Lakhs (12 months) & Above Rs. 2/- Lakhs (60 Months) |
| ROI (Floating) Percentage p.a. | General: 9.50 Ambar Sakhi: 9.25 |
| Security | Pledge of Gold Ornaments |
| Guarantors | N.A. |
| Processing Fee |
General: 1% On Loan Amount + GST as Applicable.
Ambar Sakhi: 0.50 % On Loan Amount + GST as Applicable. |
| Collateral | N.A. |
| Share Amount | As Per Bank's Circular |
| Mode of Repayment | ECS/ PDC or Standing Instruction. |
NSC/ KVP/ LIC Policy Loans & Advances
| Purpose | All types of needs |
|---|---|
| Max. Loan Amount | 70 % of Principal Amount of NSCs / KVP / Surrender Value of LIC Policies. |
| Margin | 30% |
| Period | Till Maturity of said Securities |
| ROI (Floating) Percentage p.a. |
General: 11
Ambar Sakhi: 10.50 |
| Security | Pledge of Original NSCs / KVP or Assignment on LIC Policies |
| Guarantors | N.A. |
| Processing Fee |
General: 1% On Loan Amount + GST as Applicable.
Ambar Sakhi: 0.50 % On Loan Amount + GST as Applicable. |
| Collateral | N.A. |
| Share Amount | As Per Bank's Circular |
| Pre-Repayment Charges | No Pre-payment charges |
| Mode of Repayment | ECS/ PDC or Standing Instruction. |
Personal Surety Loan (Unsecured)
| Purpose | House Repairing / Renovation, Repayment of Debts, Purchase Home Appliances Religious Ceremonies, Purchase Gold Ornaments etc. |
|---|---|
| Max. Loan Amount | Rs. 5/- Lakhs |
| Margin | N.A. |
| Period | Max 84 Months |
| ROI (Floating) Percentage p.a. |
General: 13.95
Ambar Sakhi: 13.45 |
| Security | Personal Surety |
| Guarantors | One or Two |
| Processing Fee |
General: 1% On Loan Amount + GST as Applicable.
Ambar Sakhi: 0.50 % On Loan Amount + GST as Applicable. |
| Collateral | As per Bank Policy |
| Share Amount | As Per Bank's Circular |
| Pre-Repayment Charges | No Pre-payment charges |
| Mode of Repayment | ECS/ PDC or Standing Instruction. |
Salary Deduction Loan (Unsecured)
| Purpose | House Repairing / Renovation, Repayment of Debts, Purchase Home Appliances Religious Ceremonies etc. |
|---|---|
| Max. Loan Amount | Rs. 5 Lakhs |
| Margin | N.A. |
| Period | Max 84 Months |
| ROI (Floating) Percentage p.a. |
General: 13.95
Ambar Sakhi: 13.45 |
| Security | Personal Surety |
| Guarantors | One or Two |
| Processing Fee |
General: 1% On Loan Amount + GST as Applicable.
Ambar Sakhi: 0.50 % On Loan Amount + GST as Applicable. |
| Collateral | As per Bank Policy |
| Share Amount | As Per Bank's Circular |
| Pre-Repayment Charges | No Pre-payment charges |
| Mode of Repayment | ECS/ PDC or Standing Instruction. |
Business Loans & Advances
| Purpose | To Start a New Business Expansion of Existing Business, Purchase Plot for Factory, Purchase Shop / Office / Unit,Construction of Factory Shed, Working Capital Limit etc. | |
|---|---|---|
| Max. Loan Amount | Rs. 5/- Lakhs Unsecured | Above ₹ 5 Lakhs as per Policy |
| Margin | N.A. | 25% |
| ROI (Floating) Percentage p.a. | General: 11.95 Ambar Sakhi: 11.45 |
General: 11.95
Ambar Sakhi: 11.45 |
| Security | Mortgage of Land & Building, Factory Premises, Shops & Hypothecation of Plant & Machinery, Stocks / Debtors of Any other Tangible Securities. | |
| Guarantors | One or Two | |
| Processing Fee |
General: 1% On Loan Amount + GST as Applicable.
Ambar Sakhi: 0.50 % On Loan Amount + GST as Applicable. |
|
| Collateral | As per Bank Policy | |
| Share Amount | As Per Bank's Circular | |
| Pre-Repayment Charges | No Pre-payment charges | |
| Mode of Repayment | ECS/ PDC or Standing Instruction. | |
Mortgage Loans & Advances
| Purpose | Expansion of Business, Personal Needs, Education, Repayment of Debts, Medical, Emergencies, Travel, etc. (The Loan is not available for Speculative purposes, trading in shares & others which have been Specifically prohibited by RBI) |
|---|---|
| Max. Loan Amount | As per Bank Policy |
| Margin | 25% |
| Period | Max. 120 Months |
| ROI (Floating) Percentage p.a. |
General: 13.95
Ambar Sakhi: 13.45 |
| Security | Mortgage of Land & Building, Factory Premises, Shops & Hypothecation of Plant & Machinery, Stocks / Debtors of Any other Tangible Securities. |
| Guarantors | One or Two |
| Processing Fee |
General: 1% On Loan Amount + GST as Applicable.
Ambar Sakhi: 0.50 % On Loan Amount + GST as Applicable. |
| Collateral | As per Bank Policy |
| Share Amount | As Per Bank's Circular |
| Pre-Repayment Charges | No Pre-payment charges |
| Mode of Repayment | ECS/ PDC or Standing Instruction. |
Housing Loans
| Purpose | Purchase of Flat / House / Bungalow for own use |
|---|---|
| Max. Loan Amount | As per RBI guidelines |
| Margin | 25% |
| Period | Max. 240 Months |
| ROI (Floating) Percentage p.a. |
General: 8.95
Ambar Sakhi: 8.70 |
| Security | Mortgage of Flat / House / Bungalow |
| Guarantors | One or Two |
| Processing Fee |
General: 1% On Loan Amount + GST as Applicable.
Ambar Sakhi: 0.50 % On Loan Amount + GST as Applicable. |
| Collateral | As per Bank Policy |
| Share Amount | As Per Bank's Circular |
| Pre-Repayment Charges | No Pre-payment charges |
| Mode of Repayment | ECS/ PDC or Standing Instruction. |
Vehicle Loan (Personal Use)
| Purpose | Purchase of Two Wheelers / Four Wheelers |
|---|---|
| Max. Loan Amount | 75% |
| Margin | 25% |
| Period | 84 Months |
| ROI (Floating) Percentage p.a. |
General: 9.45
Ambar Sakhi: 8.95 |
| Security | Hypothecation of Vehicles |
| Guarantors | One or Two |
| Processing Fee |
General: 1% On Loan Amount + GST as Applicable.
Ambar Sakhi: 0.50 % On Loan Amount + GST as Applicable. |
| Collateral | As per Bank Policy |
| Share Amount | As Per Bank's Circular |
| Pre-Repayment Charges | No Pre-payment charges |
| Mode of Repayment | ECS/ PDC or Standing Instruction. |
Vehicle Loan (Commercial / Business Use)
| Purpose | Purchase of Commercial Vehicles i.e. (Trucks, Cranes, JCBs & Rikshaws etc.) |
|---|---|
| Max. Loan Amount | 75% |
| Margin | 25% |
| Period | 84 Months |
| ROI (Floating) Percentage p.a. |
General: 10.45
Ambar Sakhi: 9.95 |
| Security | Hypothecation of Vehicles |
| Guarantors | One or Two |
| Processing Fee |
General: 1% On Loan Amount + GST as Applicable.
Ambar Sakhi: 0.50 % On Loan Amount + GST as Applicable. |
| Collateral | As per Bank Policy |
| Share Amount | As Per Bank's Circular |
| Pre-Repayment Charges | No Pre-payment charges |
| Mode of Repayment | ECS/ PDC or Standing Instruction. |
Vidyadan Education Loan
| Purpose | For Higher Education (Degree / Diploma / Professional Course from approved Educational Institute / University) | ||||||
|---|---|---|---|---|---|---|---|
| Max. Loan Amount | Study in India : ₹ 10 Lakhs AND Study at Abroad : ₹ 20 Lakhs | ||||||
| Margin | 25% | ||||||
| Period | 60 Months or till completion of education / As per bank policy | ||||||
| ROI (Floating) Percentage p.a. |
|
||||||
| Security | Upto Rs. 5/- Lakhs - No Collateral Security, Above Rs. 5/- Lakhs Immovable Properties | ||||||
| Guarantors | One or Two | ||||||
| Processing Fee |
General: 1% On Loan Amount + GST as Applicable.
Ambar Sakhi: 0.50 % On Loan Amount + GST as Applicable. |
||||||
| Collateral | As per Bank Policy | ||||||
| Share Amount | As Per Bank's Circular | ||||||
| Pre-Repayment Charges | No Pre-payment charges | ||||||
| Mode of Repayment | ECS/ PDC or Standing Instruction. |
Ambar Yuva Education Loan
| Purpose | For Higher Education (Degree / Diploma / Professional Course from approved Educational Institute / University) | ||||||
|---|---|---|---|---|---|---|---|
| Max. Loan Amount | Study in India : ₹ 10 Lakhs AND Study at Abroad : ₹ 20 Lakhs | ||||||
| Margin | 25% | ||||||
| Period | As per bank policy | ||||||
| ROI (Floating) Percentage p.a. |
|
||||||
| Security | Upto Rs. 5/- Lakhs - No Collateral Security, Above Rs. 5/- Lakhs Immovable Properties | ||||||
| Guarantors | One or Two | ||||||
| Processing Fee |
General: 1% On Loan Amount + GST as Applicable.
Ambar Sakhi: 0.50 % On Loan Amount + GST as Applicable. |
||||||
| Collateral | As per Bank Policy | ||||||
| Share Amount | As Per Bank's Circular | ||||||
| Pre-Repayment Charges | No Pre-payment charges | ||||||
| Mode of Repayment | ECS/ PDC or Standing Instruction. |
Ambar Safar Loan
| Purpose | For Tours and Traveling (Foreign of Domestic) |
|---|---|
| Max. Loan Amount | Rs. 5/- Lakhs |
| Margin | 25% |
| Period | 60 Months |
| ROI (Floating) Percentage p.a. |
General: 10.95
Ambar Sakhi: 10.45 |
| Security | N.A. |
| Guarantors | One or Two |
| Processing Fee |
General: 1% On Loan Amount + GST as Applicable.
Ambar Sakhi: 0.50 % On Loan Amount + GST as Applicable. |
| Collateral | As per Bank Policy |
| Share Amount | As Per Bank's Circular |
| Pre-Repayment Charges | No Pre-payment charges |
| Mode of Repayment | ECS/ PDC or Standing Instruction. |
Swayamsiddha Loan (Only for Women)
| Purpose | To Start a New Business or Expansion of Existing Business |
|---|---|
| Max. Loan Amount | Rs. 5000/- |
| Margin | N.A. |
| Period | 36 Months |
| ROI (Floating) Percentage p.a. | Ambar Sakhi: 8.95 |
| Security | N.A. |
| Guarantors | N.A. |
| Processing Fee | Ambar Sakhi: N.A. |
| Collateral | N.A. |
| Share Amount | As Per Bank's Circular |
| Pre-Repayment Charges | No Pre-payment charges |
| Mode of Repayment | ECS/ PDC or Standing Instruction. |
Ambar Samruddhi : Overdraft (Only for Women) (Financial Inclusion)
| Purpose | To Start a New Business or Expansion of Existing Business |
|---|---|
| Max. Loan Amount | Rs. 25,000/- |
| Margin | N.A. |
| Period | 36 Months (Review & Renew) |
| ROI (Floating) Percentage p.a. |
General: -
Ambar Sakhi: 8.95 |
| Security | N.A. |
| Guarantors | One or Two |
| Processing Fee |
General: N.A.
Ambar Sakhi: N.A. |
| Collateral | N.A. |
| Share Amount | As Per Bank's Circular |
| Pre-Repayment Charges | No Pre-payment charges |
| Mode of Repayment | ECS/ PDC or Standing Instruction. |
SSI Units - Loans & Advances
| Purpose | To Start a New Business or Expansion of Existing Business, Purchase Plot for Factory, Construction of Factrory Shed, Working Capital Limit etc |
|---|---|
| Max. Loan Amount | 75% |
| Margin | 25% |
| Period | 120 Months |
| ROI (Floating) Percentage p.a. |
General: 11.95
Ambar Sakhi: 11.45 |
| Security | Mortgage of Land & Building, Factory Premises, Shops & Hypothecation of Plant & Machinery, Stocks / Debtors of Any other Tangible Securities. |
| Guarantors | One or Two |
| Processing Fee |
General: 1% On Loan Amount + GST as Applicable.
Ambar Sakhi: 0.50 % On Loan Amount + GST as Applicable. |
| Collateral | As per Bank Policy |
| Share Amount | As Per Bank's Circular |
| Pre-Repayment Charges | No Pre-payment charges |
| Mode of Repayment | ECS/ PDC or Standing Instruction. |
Ambar Chhaya Loan (Retired Persons Drawing Pension / Family Pension)
| Purpose | Medical Expenses, House Repair, Renovation, Foreign or Domestic Tours, Family Ceremonial function, Emergencies, Repayment of Debts, business loan & Limit Purchase Vehicle, Personal needs & Any Other |
|---|---|
| Max. Loan Amount | Rs. 2.50/- Lakhs |
| Margin | As Applicable |
| Period | 60 Months |
| ROI (Floating) Percentage p.a. |
General: 10.95
Ambar Sakhi: 10.45 |
| Security | Mortgage of Land & Building, Factory Premises, Shops & Hypothecation of Plant & Machinery, Stocks / Debtors of Any other Tangible Securities. |
| Guarantors | One or Two |
| Processing Fee |
General: 1% On Loan Amount + GST as Applicable.
Ambar Sakhi: 0.50 % On Loan Amount + GST as Applicable. |
| Collateral | As per Bank Policy |
| Share Amount | As Per Bank's Circular |
| Pre-Repayment Charges | No Pre-payment charges |
| Mode of Repayment | ECS/ PDC or Standing Instruction. |
Ambar Consumer Loan
| Purpose | Purchase Desktop , Computer / Laptop/ I - Pad,with Printer & other Accessories, TV, Fridge, LED, LCD, Consumer Durables , Purchase Vehicles,etc. |
|---|---|
| Max. Loan Amount | Rs. 1.00/- Lakhs |
| Margin | As Applicable |
| Period | 24 / 36 / 48 / 60 Months |
| ROI (Floating) Percentage p.a. |
General: 12.95
Ambar Sakhi: 12.45 |
| Security | N.A. |
| Guarantors | One or Two |
| Processing Fee |
General: 1% On Loan Amount + GST as Applicable.
Ambar Sakhi: 1% On Loan Amount + GST as Applicable. |
| Collateral | Term & Conditions Apply |
| Share Amount | As Per Bank's Circular |
| Pre-Repayment Charges | No Pre-payment charges |
| Mode of Repayment | ECS/ PDC or Standing Instruction. |
Ambar Rajani Loan (Only for Women)
| Purpose | To Purchase Desktop Computer / Laptop / I - Pad with Printer & Other Accessories |
|---|---|
| Max. Loan Amount | Rs. 1.00/- Lakhs |
| Margin | As Applicable |
| Period | 60 Months |
| ROI (Floating) Percentage p.a. | Ambar Sakhi: 10.45 |
| Security | N.A. |
| Guarantors | One or Two |
| Processing Fee | Ambar Sakhi: 0.50 % On Loan Amount + GST as Applicable. |
| Collateral | Term & Conditions Apply |
| Share Amount | As Per Bank's Circular |
| Pre-Repayment Charges | No Pre-payment charges |
| Mode of Repayment | ECS/ PDC or Standing Instruction. |
Ambar Vikas Loan
| Purpose | To start a New Business or Expansion of Small Business |
|---|---|
| Max. Loan Amount | Rs. 30,000/- |
| Margin | 25% |
| Period | 24 Months |
| ROI (Floating) Percentage p.a. |
General: 11.95
Ambar Sakhi: 11.45 |
| Security | N.A. |
| Guarantors | One or Two |
| Processing Fee |
General: N.A.
Ambar Sakhi: N.A. |
| Collateral | N.A. |
| Share Amount | As Per Bank's Circular |
| Pre-Repayment Charges | No Pre-payment charges |
| Mode of Repayment | ECS/ PDC or Standing Instruction. |
Ambar Décor Loan
| Purpose | All type of renovation & interior work of House / Bunglow / Factory / Unit / Shop / Offi ce / Basement Residential / Office Premises etc | |
|---|---|---|
| Max. Loan Amount | Rs. 5/- Lakhs (Unsecured) | Rs. 30/- Lakhs (Secured) |
| Margin | 25% | 25% |
| Period | 60 Months (Unsecured) | 120 Months (Secured) |
| ROI (Floating) Percentage p.a. |
General: 10.95
Ambar Sakhi: 10.45 |
General: 10.95
Ambar Sakhi: 10.45 |
| Security | Unsecured Nil, Secured - Any Tangible ,Marketable Security except company shares | |
| Guarantors | One or Two | |
| Processing Fee |
General: 1% On Loan Amount + GST as Applicable.
Ambar Sakhi: 0.50 % On Loan Amount + GST as Applicable. |
|
| Collateral | Term & Conditions Apply | |
| Share Amount | As Per Bank's Circular | |
| Pre-Repayment Charges | No Pre-payment charges | |
| Mode of Repayment | ECS/ PDC or Standing Instruction. | |
Ambar Housing Top-up Loan Scheme (Only for Existing Borrower's)
| Purpose | To Fulfill all Types of Personal Needs |
|---|---|
| Max. Loan Amount | To the Extent of Existing Sanction Limit. |
| Margin | 25% |
| Period | 180 Months |
| ROI (Floating) Percentage p.a. |
General: 9.95 Ambar Sakhi: 9.70 |
| Security | Continuation of Existing Mortgage. |
| Guarantors | One or Two |
| Processing Fee |
General: 1% On Loan Amount + GST as Applicable.
Ambar Sakhi: 0.50 % On Loan Amount + GST as Applicable. |
| Collateral | Term & Conditions Apply |
| Share Amount | As Per Bank's Circular |
| Pre-Repayment Charges | No Pre-payment charges |
| Mode of Repayment | ECS/ PDC or Standing Instruction. |
Ambar Pro Loans & Advances (Doctor, Lawyer, Engineer, Architect, Actuary, Surveyor, Valuer, Chartered Accountant, DMLT, Company Secretary etc. (Subject to holding valid License/ Registration Number for Profession)
| Purpose | All type of Renovation & Interior Work of Shop / Office / Residential cum Office Premises, Purchase all Type of Equipments, to fulfil Business / Professional Needs etc | |
|---|---|---|
| Max. Loan Amount | Rs. 5/- Lakhs (Unsecured) | Rs. 50/- Lakhs (Secured) |
| Margin | 25% | 25% |
| Period | 60 Months | 120 Months |
| ROI (Floating) Percentage p.a. |
General: 10.95
Ambar Sakhi: 10.45 |
General: 10.95
Ambar Sakhi: 10.45 |
| Security | Unsecured - Nil | Secured - Any TANGIBLE, Marketable Security except company shares |
| Guarantors | One or Two | |
| Processing Fee |
General: 1% On Loan Amount + GST as Applicable.
Ambar Sakhi: 0.50 % On Loan Amount + GST as Applicable. |
|
| Collateral | Term & Conditions Apply | |
| Share Amount | As Per Bank's Circular | |
| Pre-Repayment Charges | No Pre-payment charges | |
| Mode of Repayment | ECS/ PDC or Standing Instruction. | |
***Terms & Conditions Apply
