Housing Loan | 9.25% p.a. |
Business Loan | 13.00%p.a. |
Two Wheeler Loan | 15.00%p.a. |
Four Wheeler Loan | 10.50%p.a. |
Gold Loan | 9.00%p.a. |
Staff Loan | 12.00%p.a. |
Overdraft Loan | 13.00%p.a. |
Period | Rate of Interest |
---|---|
30 Days to 90 Days | 4.00% p.a. |
91 Days to 180 Days | 4.50% p.a. |
181 Days to upto 1 Year | 5.50% p.a. |
Above 1 Year to upto 3 Year | 6.50% p.a. |
Above 3 Years | 6.00% p.a. |
Note : 0.50% extra on Senior Citizens
Interest Rate on Recurring Deposits 8.00% p.a. (Above 1 Year to upto 5 Year)
The salient features of the regular saving account are as under
The salient features of the regular saving account are as under
SPS Bank is a member of Deposit Insurance & Credit Guarantee Corporation. The insurance policy which covers depositor's money is in force & its premium upto date has already been paid to the corporation. Each deposit with the bank is insured upto maximum Rs. 100,000/-
In recurring deposit account certain fixed amount is accepted every month for a specified period and the total amount is repaid with interest at the end of the particular fixed period. Minimum Period of RD is 12 months and maximum is 5 years
The customer can have the vehicle for the purpose of his business and domestic needs.
Margin money
25% of the quotation value to be paid by the customer and the Bank will provide for the rest 75% of the quotation value.
In case of second-hand vehicle, the bank will assist up to 50% of the amount quoted in valuator's report.
The customers will have to hypothecate the vehicle; in case of a second hand vehicle, a collateral security is necessary.
Collateral security documents (Open site or building)
The customer can have his dream house by availing our home loans. Loans are available for purchase of sites, repairing and renovating old house.
The customer can get the working capital and also have fixed assets for business purpose.
Previous 3 years balance sheet and relevant papers required. * Income tax assessment copies
In this scheme customer can have loans against ware how receipt
Previous 3 years balance sheet and relevant papers required. * Income tax assessment copies
The customer can have the financial assistance against his supplied bills. This facility is given only on existing security.
Salary earners can get the financial assistance for the domestic needs.
The customer can have the financial assistance for his business purpose for a short period. This facility is given only on existing security.