Contai Co-operative Bank has many different attractive Deposit and Loan Schemes.

Cash Credit Clean
* For Interest Rate, Mode of Interest Calculation, Rebate and Penal details, see the footnote bellow.


Cash Credit Hypo
* For Interest Rate, Mode of Interest Calculation, Rebate and Penal details, see the footnote bellow.

Overdraft
* For Interest Rate, Mode of Interest Calculation, Rebate and Penal details, see the footnote bellow.

SHORT TERM LOANS AND ADVANCES

Short Term Loan
* For Interest Rate, Mode of Interest Calculation, Rebate and Penal details, see the footnote bellow.


Personal Surity Loan
* For Interest Rate, Mode of Interest Calculation, Rebate and Penal details, see the footnote bellow.

Loan Against Gold Ornaments
* For Interest Rate, Mode of Interest Calculation, Rebate and Penal details, see the footnote bellow.

Loan Against Life Insurance Policies
* For Interest Rate, Mode of Interest Calculation, Rebate and Penal details, see the footnote bellow.

Loan Against Term Deposits
* For Interest Rate, Mode of Interest Calculation, Rebate and Penal details, see the footnote bellow.

Loan Against Government Appointed Securities
* For Interest Rate, Mode of Interest Calculation, Rebate and Penal details, see the footnote bellow.

MEDIUM TERM LOANS AND ADVANCES

Hypothecation of Vehicle Loan
* For Interest Rate, Mode of Interest Calculation, Rebate and Penal details, see the footnote bellow.

Long Term Loan
* For Interest Rate, Mode of Interest Calculation, Rebate and Penal details, see the footnote bellow.

Perstige Credit Loan
* For Interest Rate, Mode of Interest Calculation, Rebate and Penal details, see the footnote bellow.

House Building Loan
* For Interest Rate, Mode of Interest Calculation, Rebate and Penal details, see the footnote bellow.

Type of Loans & Advances	Size of Loans  & Advances	New rate of Interest (as discounted) effective from 01/01/2010
		Rate of Int. (%)	Rebate (%)*	Penal rate of int. (%)	Mode of Calculation
* Term Loan	Upto 25000	11.25	0.50	1.00	Compounding at Monthly Rests (every month to be reckoned as 30 days)
	Above 25000 to 2 lac	11.75
	Above 2 Lac to 5 Lac	12.25
	Above 5 Lac	12.50
Cash Credit & Overdraft	Upto 25000	11.50	0.50	1.00	Compounding at Monthly Rests (every month to be reckoned as 30 days)
	Above 25000 to 2 lac	12.00
	Above 2 Lac to 5 Lac	12.75
	Above 5 Lac	13.00
Overdraft against full coverage of Bank's own Time Deposit and others
i) Our Bank's time deposit / Daily Deposit	upto 90 % of present value for any purpose other than speculative one	1.5% over the payable (Simple / Compound as the case may be) rate/ average payable rate as rounded upto nearest higher multiple of 0.10
ii)Against Lien / Pledge / Assignment of Postal Time Deposit KVP, NSC & LIC Policy	upto 85 % of present value for any purpose other than speculative one	11.00	0.00	0.00	Compounding at Monthly Rests (every month to be reckoned as 30 days)
Demand Loan
A. Against Mortgage of GOLD ornaments	Upto 50,000	11.50	0.50	1.00	Compounding at Monthly Rests (every month to be reckoned as 30 days)
	Above 50,000 to 3 Lac (5 Lac per family)	12.25
B. i) Our Bank's time deposit / Daily Deposit	upto 90 % of present value for any purpose other than speculative one	1% over the payable (Simple / Compound as the case may be) rate/ average payable rate as rounded upto nearest higher multiple of 0.10
ii)Against Lien / Pledge / Assignment of Postal Time Deposit KVP, NSC & LIC Policy	As per order  no 02/2007-2008 dated 11.04.2007	10.00	0.00	0.00	Compounding at Monthly Rests (every month to be reckoned as 30 days)
* Used vehicle over the age of 6 (six) years will not generally be accepted for loan. Maximum period of repayment of Loan against used vehicle will be 54 (fifty four) months including the gestation period, if any. Loan for transport business & house building (repairing & construction other than employees house building loan) will attract 0.25% & 0.50% less interest respectively than what is provided for term loan in each slab.

* Rebate at the declared rate for Term Loans will be allowed to those who will make payment according to schedule, however, advance twards Principal may be accepted but no rebate will be allowed if the borrower fails to pay monthly interest usually. In case of Cash Credit and Overdraft accounts, rebate will be allowed to those who will pay the interest within 90 days from he date of last payment regularely and make turn-over of at least 60 % of sanctioned limit during the quarter ending on June, September, December and March. Fraction period of a quarter, if any, to be ignored. Rebate for Demand Loan ( Loan against Pledge of Gold Ornaments) will be allowed to those who will pay the interest within 90 days from the date of drawal / date of last payment regularely.

* Penal Rate of interest at any point of time will be charged, till the defaulted amounts are liquidated in full, from the date of last payment on failed amount of installment only when the failed amount of installment is less than equal to three installments and on the entire outstanding balance if the failed amount of installments become more than three installments.

<<BACK TO DEPOSIT SCHEMES