01.OVERDRAFT (Working Capital Loan)

Overdraft is offered to run the existing business or extension of Business. Term is for one year, renewable in every year. Extension of time and enhancement of the sanctioned amount is depends on turnover of the Account.

02. Term Loan

Term loan is offered to individuals/partners/companies/firms/corporation etc. to serve the specific purpose. It is offered for a fixed period. Repayment is on EMI Basis.

03. ICB Home Loan

Purpose may be Purchase of House, Repairs of existing House, extension of House property and construction of new house.

Terms to fulfill the purpose is depend upon the proposal and decision of the Management.
Repayment mode is EMI Basis.

04. Vehicle Loan

Vehicle Loan is offered for private use and commercial purpose.

Repayment mode is EMI system and term for repayment depends upon the sanctioning amount and age of vehicle.

05. Demand Loan

Demand Loan is available against the customers own deposits. It is offered against-Bank’s self instruments like Term Deposit, Recurring Deposits and Pigmy Deposits, against Postal Savings like NSC,KVP etc and against LICI policies duly valid assignment of the policy.

a.	All loans and advances are sanctioned subject to fulfilling the certain criteria and norms of the Bank.
b.	Interest rates are fixed by the Bank and changed time to time decided by the Bank.