Savings bank account holders who maintain a minimum monthly balance of
Rs.5,000/- during the preceding six months are eligible for any one of the following loans at
concessional rates of interest viz at 1.5% lower than the normal rate applicable to respective
scheme subject to a minimum of the Bank's prime Lending Rate.
A term Loan equivalent to 4 times the average monthly minimum balance for the
preceding 6 months subject to maximum of Rs.50000 for purchase of household articles/consumer
durables.
Loan under 'V-Cash' or 'V-Equip' Schemes subject to eligibility unde the
schemes.
Loans under this scheme are also extended on a revolving basis.