The Udaipur Mahila Samridhi Urban Co-op. Bank Ltd.The Udaipur Mahila Samridhi Urban Co-op. Bank Ltd.Loans Rate and Conditions (Applicable From July 03, 2023)
Loan Rates Changed & Passed by the BOD in the meeting held on 03.07.2023, effected from 03.07.2023.
General Conditions for All:-1. Two Surities Either Tax Payee or Govt. Servant having reasonable Worth. 2) Third Party Principle or Collateral Equitable Mortgage is allowed but Max. Limit recommendation is restricted upto 80 % of value of Security along with the other eligible criteria. 3) Stock, Principle and Collateral Security must be insured with the endorsement in favour of the Bank. 4) Half Yearly cerification by Br. Head 5) Other Terms as per Sanction Letter.
S.No. |
Type of Loan / Facility |
Rate of Interest |
Max. Period |
Conditions |
1. |
Cash Credit Upto 25 Lakh |
9.50 % |
1 Year |
Min. 2 Year Balance Sheet 2)Turn Over Must be 3 to 5 Times of Limit. 3)Audited Balance Sheet Over Limit of 60 Lakh. 4) New Business must have project report of 5 Years. |
2. |
From 25 Lakh and to 150 Lakh |
10.00 % |
S.No. |
Type of Loan / Facility |
Rate of Interest |
Max. Period |
Conditions |
1. |
Term Loan Upto Fifty Thousand |
11.50 % |
36 Months |
1) New business must have project report of 5 Years. 2)Audited Balance Sheet Over Limit prescribed by IT. 3)Minimum 2 Year Balance Sheet 4)Project Report of Five Years |
2. |
Above Fifty Thousand to Twenty Five Lakh |
9.50 % |
84 Months |
|
3. |
Above Twenty Five Lakh to 50 lakh |
9.50 % |
120 Months |
|
4. |
Above 50 lakh |
9.75 % |
120 Months |
S.No. |
Type of Loan / Facility |
Rate of Interest |
Max. Period |
Conditions |
1. |
New Limit upto 25 Lakh |
9.50 % |
1 Year |
1) Limit can be sanctioned only against the immovable property of Lady or her husband. Which will be the principle security for the bank. Husband of Borrower must be Co-Borrower 2) Balance Sheet / Project report of Business of Borrower or her Family Member. |
2. |
Above Twenty Five Lakhs to 100 Lakhs |
10.00 % |
||
3. |
Limit above 100 Lakhs to 150 Lakhs |
10.00 % |
S.No. |
Type of Loan / Facility |
Rate of Interest |
Max. Period |
Conditions |
1. |
Rennovation of Project Upto 5 Lakh |
10.00 % |
60 Months |
1) Owner / Partner / Director of Project must be Lady/Ladies. 2)Project Report verified by CA/ Valuer & must contains essential noc from concerning departments. 3)Collateral Security is mandatory with main security if project is for sale. |
2. |
Rennovation of Project Above 5 Lakhs to 20 Lakhs |
10.50 % |
120 Months |
|
3. |
New Project Upto Rs. 10 Lakh |
9.50 % |
120 Months |
|
4. |
New Project Above 10 Lakh to 25 Lakh |
9.75 % |
120 Months |
|
5. |
New Project above 25 Lakh |
10.00 % |
120 Months |
S.No. |
Type of Loan / Facility |
Rate of Interest |
Max. Period |
Conditions |
1. |
Rennovation of Immovable of Factory / Project Upto 5 Lakh |
10.00 % |
60 Months |
1) Owner / Partner / Director of Project must be Lady/Ladies. 2)Project Report verified by CA/ Valuer & must contains essential noc from concerning departments/quotation of plant & Machinery. 3)Collateral Security is mandatory with main security. |
2. |
Rennovation of Immovable of Factory / Project Above 5 Lakhs to 20 Lakhs |
10.00 % |
120 Months |
|
3. |
Purchase of Plant & Machinery / Project Upto 25 Lakh |
10.00 % |
120 Months |
|
4. |
Purchase of Plant & Machinery / Project Above 25 Lakh |
10.50 % |
120 Months |
S.No. |
Type of Loan / Facility |
Rate of Interest |
Max. Period |
Conditions |
1. |
Two Wheeler to Nominal Member Upto 100,000 |
10.50 % |
12 Months |
1) Repayment EMI should not be more than 50% of Annual Income of Borrower in 2 Wheeler. 2) 2 Wheeler Loan Upto 12 Month No Guarantor, Upto 18 Months 1 Guarantor & above 2 are required. 3) 2 Wheeler Loan is available for Nominal Member. 4) 4 Wheeler Loan - Upto 48 Month 1 Guarantor & above 2 guarantors are required 5) HPN & Endorsement of Insurance in Favour of Bank. 6) Collateral Security is not essential. 7) Form 24-29-30 must be obtained from Owner. 8) One Year Income proof for electrical vehicle. 9) 1500 /- and 2000 /- processing fee (12/18 Month) including stamp for electrical vehicle. |
11.00 % |
18 Months |
|||
12.00 % |
24 Months |
|||
2. |
Two Wheeler Electric (RTO / Non RTO Reg.) Upto 100,000/- |
12.50 % |
12 Months |
|
12.50 % |
18 Months |
|||
3. |
Two Wheeler to Regular Members upto 150,000 |
10.00 % |
12 Months |
|
10.50 % |
18 Months |
|||
11.00 % |
24 Months |
|||
4. |
Light Four Wheeler Upto Twelve Lakh |
9.00 % |
36 Months |
|
9.25 % |
48 Months |
|||
9.50 % |
60 Months |
S.No. |
Type of Loan / Facility |
Rate of Interest |
Max. Period |
Conditions |
1. |
Residential Plot Purchase Upto Rs. 25 Lakh |
10.00 % |
120 Months |
1) One of Owner of the property must be the borrower lady or her spouse. 2)Income of Co-borrower (family member) can be clubbed with the borrower to get eligibility. 3)Property will be the principle security. 4) Loan will be disbursed at the time of registry to the seller of property only. 5) Valuation of the property by the bank. |
S.No. |
Type of Loan / Facility |
Rate of Interest |
Max. Period |
Conditions |
1. |
Renovation / Repairs Upto Six Lakh |
10.00 % |
60 Months |
1) Majot Owner of the property must be the Borrower Lady or her Spouse. 2) Income of Co-borrower (family members) can be clubbed with the borrower to get elegibility. 3) Property will be the principle security. 4) Loan will be disbursed in parts as per the valuation of the construction. 5) Valuation of the property by the bank. |
2. |
House Purchase / Plot Purchase & New Construction / New Construction Upto 25 Lakh |
8.50 % |
180 Months |
|
3. |
House Purchase / Plot Purchase & New Construction / New Construction above 25 to 70 Lakh |
9.00 % |
180 Months |
|
4. |
House Purchase / Plot Purchase & New Construction / New Construction Above 70 Lakh to 140 Lakh |
9.50 % |
240 Months |
|
S.No. |
Type of Loan / Facility |
Rate of Interest |
Max. Period |
Conditions |
1. |
Consumer Loan House Hold (T.V., freeze, A.C. etc.) Upto 45000 /- |
15.00 % |
36 Months |
1) HPN and Endorsement of Insurance in favour of bank.. |
S.No. |
Type of Loan / Facility |
Rate of Interest |
Max. Period |
Conditions |
1. |
Education Loan Upto 5 Lakh |
9.00 % |
120 Months |
1) Mother would be majot Borrower along with Father ans student. 2) Income of Co-borrower (family member) can be clubbed with the borrower to get eligibility. 3) Valuation of the property by Bank.. |
2. |
Education Loan Above 5 Lakh to 10 Lakh |
10.00 % |
120 Months |
S.No. |
Type of Loan / Facility |
Rate of Interest |
Max. Period |
Conditions |
1. |
Loan against property Upto 5 Lakh |
11.00 % |
84 Months |
1) Major Owner of the property must be the borrower lady or her spouse. 2) Income of co-borrower (family member) can be clubbed with the borrower to get eligibility. 3) Valuation of the property by the bank. |
2. |
Loan Against Property Above 5 To 10 Lakh |
11.00 % |
120 Months |
|
3. |
Loan Against Property Above 10 |
11.50 % |
180 Months |
|
5. |
Old Limit Renewal Upto 125 Lakh |
11.00 % |
1 Year |
S.No. |
Type of Loan / Facility |
Rate of Interest |
Max. Period |
Conditions |
1. |
Loan/Limit against NSV / KVP (75 % of Face Value) |
9.00 % |
Till Maturity |
1) Verification of Pleadge by Br. Managaer before disb.. 2) 0.50 % Processing charge for Limit A/cs.. |
2. |
Loan/Limit against LIC of India (75% of Surrender Value) |
9.00 % |
Till Maturity |
|
3. |
Loan Against AGBY A/cs (80% of O/S Balance) |
9.00 % |
Till Maturity |
1) Min. Balance of Rs. 10000 /- & Lien on A/c & Passbook by Br. Manager before Disb. 2) Lien Confirmation by Br. Manager before Disb. |
4. |
Loan/Limit against FDR (Limit 90% of Face Value) |
1.00 % Above |
Till Maturity |
0.50% Processing charge for Limit A/cs. |
5. |
Loan Against Gold (65% of Pure Value Obtained Max. Upto 1 Lakh) |
10.00 % |
1 Year |
1) Valuation by Penal Valuer of Bank 2) 1.00 % Processing Charge or Min. Rs. 200. |
S.No. |
Type of Loan / Facility |
Max. Period |
Conditions |
1. |
Shifting From heigher ROI to Lower (ROI of existing Loan/Advances can be shift to present ROI { Subject to not less than 8.50%} with Terms & Conditions) |
Within 3 Years of Original sanction date. After 3 Years of Original Sanction Date. |
1) 0.50% Processing Charge with Application. 2) 0.50 % Processing Charge & Newe Valuation/ Search report will be taken. 3) Application to convert the ROI. |
