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Home >> Loan Products >> SyndPigmy
 
SyndPigmy
 

Purpose : To meet any contingent requirement of pigmy depositors.

Eligibility : Pigmy depositors with regular contribution for 24 months.

Quantum : 3 times pigmy deposit balance with maximum Rs. 50000/-.

Repayment : 35 months for loans and overdrafts renewable on yearly basis.

Rate of interest :  PLR

Security : Pigmy deposit

Margin : 25%

Requirements :Third party guarantee for the amount beyond pigmy balance. Contributions to Pigmy Deposit should be continued.

 
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