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Loans
:: LOANS AND ADVANCES SCHEMES OF DEOGIRI BANK ::
Click Below Link for more Details  
Deogiri Paripurna Gharte Yojana ( Housing Loan Scheme )  
Deogiri Parissparsha Yojana(Business Loans and Loans to Industrial Units )  
Deogiri Chintamani Yojana (Vehicle Loan Scheme)  
Deogiri Pramod Dnyanvrudhi Yojana (Educational Loan Scheme)  
Deogiri Mangal Kalash Yojana (Personal Loan Scheme)  
Deogiri Sonetaran Karja Yojana( Gold Loan Scheme )  
Deogiri Krishi Pat Yojana (Agricultural Loan Scheme)  
Deogiri Seva Utkarsha Yojana (Loans to Professionals)  
Deogiri Sabhasad Kalyan Yojana (Member Welfare fund Loans)  
     
 
1.Deogiri Paripurna Gharte Yojana ( Housing Loan Scheme )
Purpose Loan will be Sanctioned for
1) Purchase of new or old flat /House /Row House /Duplex
2) Construction of House
3) Extension, Renovation, Repairings
 
Loan Amount
1) Max. Rs.25.00Lacs for Purchase of Flat/Row House/House Duplex or Construction of House. 
2) Max.Rs.2.00Lacs for Repairing of House in Urban Area and Rs.1.00Lacs for Rural Areas
 
Rate of Interest Card Rates applicable (p.a.), Interest will be applied monthly basis on outstanding amount.
 
Period 1) Maximum period for repayment is 180 months or 15 years (inclusive of Moratorium Period)
2) Maximum period for repayment is 60months
 
Security Bank will create first charge on Assets created out of Loan
 
Guarantor Two Guarantors required preferably salaried persons of age below 43Years
 
Documents
1) Applicant : Photo, Photo I D, Residence proof, Income Proof such as Last 3 months Salary slip or Last Three years Balance Sheet and Tax Returns, Title Documents such as Sale Deed,  P. R. Card, Sanction Plan, Tax Receipts (Recent), Permission for Construction, Estimates in case of construction, Agreement to sale in case of purchase of house /Flat Etc.
 
2) Guarantor Photo, Photo I D, Residence proof, Income Proof
(For further details please contact to our nearest Branch.)
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2.Deogiri Parissparsha Yojana (Business Loans and Loans to Industrial Units)
Purpose
To provide the financial support to Businessmen (Manufacturing as well as Trading activity), for acquiring current and fixed assets
 
Loan Amount
As per requirements of the Business and guidelines of RBI as well as Bank rules
 
Rate of Interest Card Rates applicable (p.a.), Interest will be applied monthly basis on outstanding amount.
 
Period 1) Maximum period for repayment is 60months.forTerm Loans.
2) Maximum period for repayment is 36months for Cash Credit loans.
 
Security Bank will create first charge on assets created out of Loan. In Addition to above Security; Bank will ask for collateral security of 125% of Sanction Amount.
 
Guarantor Two guarantors of well means are required .
 
Documents
1) Applicant : Photo, Photo I D, Residence proof, Income Proof such as Last 3 months Salary slip or Last Three years Balance Sheet and Tax Returns, Title Documents such as Sale Deed,  P. R. Card, Sanction Plan, Tax Receipts (Recent), Quotation in case of purchase of Machinery Etc.
 
2) Guarantor Photo, Photo I D, Residence proof, Income Proof
 
(For further details please contact to our nearest Branch.)
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3.Deogiri Chintamani Yojana (Vehicle Loan Scheme)
Purpose Purchase of new or used vehicles, Private or commercial vehicles.
  
Loan Amount
1) 75 % of cost of vehicle in case of new vehicles.
2) 25% of cost of vehicle in case of used or old vehicles ( Age of Vehicle should be not more than 5 years)
 
Rate of Interest Card Rates applicable (p.a.) Interest will be applied monthly basis on outstanding amount.
 
Period 1) Maximum period for repayment is 60 months for new Vehicles
2) Maximum period for repayment is 36 months for used or old Vehicle. Security: - Bank will create first charge on asset created out of Loan. In Addition to above Security; Bank will ask for collateral security of 100%of Sanction Amount. (In case of four wheeler)
 
Guarantor Two guarantors of well means are required
 
Documents
1) Applicant : Photo, Photo I D, Residence proof, Income Proof such as Last 3 months Salary slip or Last Three years Balance Sheet and Tax Returns, Quotation of vehicle in case of new vehicle, Agreement to sale in case old vehicle, Etc.
 
2) Guarantor Photo, Photo I D, Residence proof, Income Proof
 
(For further details please contact to our nearest Branch.)
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4.Deogiri Pramod Dnyanvrudhi Yojana( Educational Loan Scheme )
Purpose Education in India and Abroad
  
Loan Amount
1) Max. Loan amount for studies in India is Rs.7.00lacs.
2) Max. Loan amount for studies in Abroad is Rs.15.00lacs.
3) 75% of total course fees which includes Tuition Fees, Exam. Fees, Cost of Course material, equipments, Library.
4) Fees will be disbursed directly to the college through pay order or DD.
5) Applicant should submit their passing certificate /marks memo every Year before next installment of Loan amount.
 
Rate of Interest Card Rates applicable (p.a.) Interest will be applied monthly basis on outstanding amount.
 
Period 1) Maximum period for repayment is 84 months (Inclusive of moratorium period)
 
Security Bank will ask for collateral security of 125% of Sanction Amount.
 
Guarantor Two guarantors of well means are required
 
Documents
1) Applicant : Photo, Photo I D, Residence proof, Income Proof such as Last 3 months Salary slip or Last Three years Balance Sheet and Tax Returns, Quotation from College.
 
2) Guarantor Photo, Photo I D, Residence proof, Income Proof
 
(For further details please contact to our nearest Branch.)
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5.Deogiri Mangal Kalash Yojana (Personal Loan Scheme)
Purpose Marriage and other religious ceremonies, Medical expenses for Applicant or his /her family members / Foreign Tours
  
Loan Amount
1) Max. loan amount is Rs.1.00lacs
 
Rate of Interest Card Rates applicable (p.a.) Interest will be applied monthly basis on outstanding amount.
 
Period 1) Maximum period for repayment is 60months
 
Security Bank will ask for collateral security above Loan Amount of Rs.50000/-
 
Guarantor Two guarantors of well means are required
 
Documents
1) Applicant : Photo, Photo I D, Residence proof, Income Proof such as Last 3 months Salary slip or Last Three years Balance Sheet and Tax Returns, Quotation or Estimate with evidences
 
2) Guarantor Photo, Photo I D, Residence proof, Income Proof
 
(For further details please contact to our nearest Branch.)
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6.Deogiri Sone taran Karja Yojana( Gold Loan Scheme )
Purpose To Satisfy the Immediate needs of member or nominal member of the Bank.
  
Loan Amount
1) 60% of the value assessed by Banks paneled gold valuer
 
Rate of Interest Card Rates applicable (p.a.) Interest will be applied monthly basis on outstanding amount.
 
Period 1) Maximum period for repayment is 12months
2) Repayment of principal through bullet payment on due date
3) Interest should be paid as and when it is applied
 
Security Gold
 
Guarantor No guarantor is required
 
Documents
1) Applicant : Photo, Photo I D, Residence proof, S/B Account at our branch
 
 
(For further details please contact to our nearest Branch.)
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7.Deogiri KrishiPat Yojana (Agricultural Loans Scheme)
Purpose To satisfy the needs of the farmers associated with the Bank
  
Loan Amount
1) Scale of finance approved by Board of Directors (Based on NABARD norms)
2) In case of term loan 70% of total project
 
Rate of Interest Card Rates applicable (p.a.) Interest will be applied monthly basis on outstanding amount.
 
Period 1) Maximum period for repayment is 36months (Subject to Bank rule)
2) Maximum period for repayment is 60months
 
Security Agricultural Land 3 times the value of loan amount
 
Guarantor Two Guarantors of well means are required
 
Documents
1) Applicant : Photo, Photo I D, Residence proof, Income Proof, Gold, 7/12 extracts, Pher Phar, Chtusima, Valuation from Agricultural Valuer, Quotations, Project report
 
2) Guarantor Photo, Photo I D, Residence proof, Income Proof
 
(For further details please contact to our nearest Branch.)
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8.Deogiri Seva Utkarsha Yojana( Loans to Professionals )
Purpose To provide financial assistance to Professional and Self Employed Persons i.e. Doctors ,Chartered Accountants , Architects for acquiring Fixed Assets, Machinery, Equipments ,Office and Office setup etc.
 
Loan Amount
1) For Doctors Loans upto Rs.1.00cr.will be sanctioned for Construction of Hospital Building, Machinery, Equipments and for MBBS Graduates cash credit of RS. 2.00lacs, for post graduates like MD, MS.DCP , DCH ,Bank will sanction limits of RS.5.00lacs in cash credit form
2) For Chartered Accountants Bank will sanctioned a limits of RS.5.00lac for purchasing office, furniture etc.
3) For Architects Rs.1.00lac in the form of Cash credit
 
Rate of Interest Card Rates applicable (p.a.) Interest will be applied monthly basis on outstanding amount.
 
Period 1) Maximum period for repayment is 180 months for doctors term loan and 60months for other term loans.
2) Maximum period for repayment is 36 months for cash credit Limits.
 
Security 1) Bank will create first charge on asset created out of Loan.
2) In Addition to above Security; Bank will ask for collateral security Of 100%of Sanction Amount.
 
Guarantor Two guarantors of well means are required
 
Documents
1) Applicant : Photo, Photo I D, Residence proof, Income Proof such as Last 3 months Salary slip or Last Three years Balance Sheet and Tax Returns, Copy of Degree Certificate, Title Documents such as Sale Deed,  P. R. Card, Sanction Plan, Tax Receipts (Recent), Permission for Construction, Estimates in case of construction, Search and Valuation from Paneled Advocate & Valuer Etc.
 
2) Guarantor Photo, Photo I D, Residence proof, Income Proof
 
(For further details please contact to our nearest Branch.)
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9.Deogiri Sabhasad Kalyan Yojana( Member Welfare Fund Loan )
Purpose To provide financial assistance to member and his/her family
1) Members who is holding a share of Rs.1000/-
2) Memberís family includes spouse dependent Father /Mother, son (below age of 21 years), unmarried daughter, handicapped /Blind Son /Daughter.
 
Loan Amount
1) Member or his /her family in critical illness or major diseases would get loan for actual expenses incurred or Rs.50000 /- which ever is lesser at minimum rate of interest and maximum repayment period.
2) Member or his/her family would get loan up to Rs.15000/ in case of natural calamities i.e. fire, earthquake, cyclones, riots etc.
 
Rate of Interest 2% less of Card Rates applicable (p.a.) Interest will be applied monthly basis on outstanding amount.
 
Period 1) Maximum period for repayment is 84 months
 
Security personal guarantees, salary undertaking, L.I.C., etc.
 
Guarantor Two guarantors of well means are required
 
Documents
1) Applicant : Photo, Photo I D, Residence proof, Income Proof such as Last 3 months Salary slip or Last Three years Balance Sheet and Tax Returns, Proof for reasons as mentioned above.
 
2) Guarantor Photo, Photo I D, Residence proof, Income Proof
 
(For further details please contact to our nearest Branch.)
 
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