i | Eligibility | Any Individual, Proprietorship/Partnership Firms, Companies etc. |
ii | Type of Facility | Loan and/or Overdraft limit. |
iii | Purpose | For any legitimate requirement of Funds. |
iv | Margin | 10% of the Present value of Deposit. |
v | Rate of Interest | 1% above the applicable rate of interest on respective Deposit A/C. |
vi | Repayment | As required by the borrower, but not later than the date of maturity of Deposit A/c. |
vii | Security | Pledge of Bank’s own Time Deposit Receipt and/or Recurring Deposit A/C in the name of borrower or any third party. |
viii | Other Conditions | Need based credit limits to be assessed as per Bank’s policy/Rules. |
The Vaish Cooperative Adarsh Bank Ltd.
Head Office: 3, Netaji Subhash Marg, Darya Ganj, New Delhi-110002
Admin Office: 21B/7, New Rohtak Road, Karol Bagh, New Delhi-110005
Phone: + 011 41536048 / 45636048
Email: info@vcabdelhi.in
Web: www.vcabdelhi.in