CENT LIQUID

Target Group

Individuals who are the bona fide owners of the share/debentures and are maintaining DEMAT account with Depository Participant.

Nature of Facility

In the form of Over draft or Demand Loan. The facility will be under Non Priority Sector.

Purpose

For meeting contingencies and needs of personal nature or for subscribing to rights or new issues of shares / debentures against the security of existing shares and debentures.

Security

Shares in dematerialised form only. The lien with Depository Participant should be marked in Banks favour.

Margin

50% on the value of the shares worked out on the basis of Average market price for last 6 months or the current market price whichever is lower.
Quantum

Maximum Rs.20.00 lakhs

Rate of Interest

Click here to view Interest Rates

Repayment

On Demand or 12 months whichever is earlier. The limit may be reviewed on annual basis and renewed on merits.

Processing Charges

For Loan up to Rs.25000/- Rs.100.00
From Rs.25001/- to Rs.50000/- Rs.200.00
From Rs.50001/- to Rs.75000/- Rs.350.00
From Rs.75001/- to Rs.1.00 lakh Rs.500.00

For above 1.0 lakhs to 2.00 lakhs whichever is higher Rs.1500.00 or 1% of Loan
For above 2.0 lakhs to 3.00 lakhs whichever is higher Rs.2500.00 or 1% of Loan
For above 3.0 lakhs to 5.00 lakhs whichever is higher Rs.3500.00 or 1% of Loan
For loan above Rs.5.00 lakhs whichever is higher Rs.5000.00 or 1% of Loan

CENT KALYANI

Encouraging and empowering women entrepreneurs

This scheme is specially introduced to offer financial assistance to Women Entrepreneurs for economic pursuits in Industry, Agricultural and Allied Activities, Business or Profession. The Bank with a network of branches spread throughout the country welcomes women entrepreneurs to avail financial assistance for pursuing vocations of their choice.

Credit facilities are available for Women Entrepreneurs for the following :

• Small Business
• Professional and Self Employed
• Retail Trade
• Village and Cottage/Tiny Industries
• Small Scale Industries
• Agriculture & Allied Activities
• Government Sponsored Programmes.


Small Business : For entrepreneurs who intend to provide service (not a professional service) such as setting up a small lunch/canteen, mobile restaurant, circulating library etc.

Professional and Self Employed : Entrepreneurs who are specially qualified/skilled and experienced like Doctors, Chartered Accountants, Engineers or trained in Art or Craft etc.

Retail Trade : For entrepreneurs who intend to engage in retail trading of various commodities.

Village and Cottage/Tiny Industries : For entrepreneurs who are engaged in manufacturing, processing, preservation and services such as Handloom, Weaving Handicraft, Food-Processing, Garment making etc. in village and small towns with a population not exceeding 50,000/- utilizing locally available resources/skills.

Small Scale Industries : To start a unit engaged in manufacture, processing or preservation of goods.

Agriculture & Allied Activities : For women entrepreneurs who are engaged/intend to engage in agricultural and allied activities, such as raising of crops, floriculture, fisheries, bee-keeping, nursery, sericulture etc. and also trading in agricultural inputs.

Government Sponsored Programmes : Apart from the above schemes, women entrepreneurs are also financed under the various Government Sponsored Programmes where Capital subsidies are available.

Other terms and conditions for the above facilities under Cent Kalyani i.e. quantum of loan, margin, interest, security, repayment, documentation etc. are as applicable under their respective schemes.

CENT JEWEL

Eligibility: All working and non working woman of age 18 to 55 years.

Purpose:To purchase gold Jewellary / gold ornaments of Tanishq make or Hall marked Jewellary or BIS marked Jewellary or Jewellary from reputed jewellary shops AND to purchase Diamonds of reputed brands.

Eligible Loan amount: 80% of cost of gold ornaments subject to minimum of Rs.10,000/- and maximum of Rs.1,00,000/-

It should be ensured that the Net take Home criteria of 40% are complied including EMI of proposed loan.

Security: Hypothecation of gold ornaments purchased.
However in case of loan above Rs.50,000/- additional security in the form of liquid securities viz. FDRs/NSCs/KVPs/LIC (SV) etc. at least equal to the 50% loan amount should be obtained.

Disbursement:

Latest Salary certificate of applicant or husband (Co-applicant) and form 16 or IT return. IT return for last two years in case of non salaried working woman.Employer's undertaking wherever applicable.Statement of bank account in case of applicant not maintaining account with our bank. Asset & liability declaration along with photographs.Quotation

Rate of Interest: Click here to view Interest Rates

Processing Fees:1% of loan amount subject to minimum of Rs.250/-.

Repayment: Repayment in maximum 36 EMIs commencing from next month of disbursement.

Other conditions: All the KYC norms should be complied with.

Residence, Income and Employment Verification report should be prepared as per formats enclosed and kept on record. The original bill and receipt should be held on record.

Post dated cheques should be obtained for entire EMIs except in case of salaried class working woman whose salary is routed through our Branch or Undertaking of the employer is obtained for deduction of EMIs from salary and remittance to bank.

CENT HOME LOAN PLUS

A scheme for Bank’s existing housing loan borrowers who are regular in repayment of loan.

Purpose: Refurbishment / renovation /furnishing of house or buying furniture /LCD TV/ Home theater etc.

Eligibility: Existing Borrowers under Direct Housing Finance Scheme having completed minimum 3 (three) years of repayment schedule without any default.

Quantum of Loan: Depends on value of property mortgaged and amount outstanding in housing loan account, subject to maximum of Rs.5.00 lakhs.

Margin: 15 % on the value of property at the time of sanction or present value whichever is lower.(including outstanding housing loan balance)

Rate of Interest:Click here to view Interest Rates

Security : Extension of mortgage on the House property for which Housing Loan was sanctioned.

Repayment:The loan has to be repaid in 60 equal monthly installments.

Processing Fee: Rs.500/-