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Loans and Advances

We offer a wide range of Retail and Corporate Loans tailored to meet your unique financial needs. Our Prime Lending Rate (PLR) stands at 16.75% effective from 7th September 2024.

  • Retail Loan
  • Corporate Finance

Gold Loan

Home Loan

Car Loan

Electric Vehicle Loan

Education Loan

Professional Loan

Two Wheeler Loan

Personal Loan

Life Cycle Banking Scheme

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Enjoy the flexibility of availing additional loans anytime without the need for extra security or guarantees.

Features & Benefits

  • Interest charged on a daily reducing balance basis
  • No pre-payment penalties when repaying from your own source
  • Attractive interest rates
  • Minimal documentation
  • Convenient repayment options: ECS, post-dated cheques, or standing instructions
  • Low processing fees
  • Quick loan approval process
  • Insurance coverage available for all assets at competitive premiums

Purpose

  • Home renovation & furnishing
  • Higher education expenses
  • Purchase of consumer durables
  • 2 & 4 wheeler vehicle purchase
  • Medical equipment procurement
  • Foreign travel
  • Marriage or other ceremonies
  • Medical expenses

Eligibility

  • Salaried individuals, professionals, and business owners

Loan Amount

  • Up to ₹ 2 Lakhs

Documentation

  • Proof of purpose for the loan

Security

  • Extension of equitable mortgage

Guarantee

  • 2 guarantors required

Repayment Terms

  • Up to 7 years

Stree Udyogika

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Loan specially designed for women entrepreneurs.

Features & Benefits

  • Interest on daily reducing balance basis
  • No pre-payment charges if paid from own sources
  • Attractive interest rates
  • Minimal documentation
  • Easy repayment via ECS/Post-dated cheques/Standing Instructions
  • Low processing fees
  • Quick approval
  • Insurance cover available at competitive premium rates

Purpose

  • Acquisition of office premises, industrial gala, office equipment, machinery, furniture & fixtures, working capital, etc.

Eligibility

  • Manufacturing or service units run by women entrepreneurs

Loan Amount

  • Up to 80% of the asset value

Documentation

Security

  • Hypothecation or mortgage of the financed asset

Guarantee

  • 2 guarantors required

Repayment Terms

  • Up to 7 years

Stree Sakhi

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Loan designed for working women to purchase consumer durables.

Features & Benefits

  • Interest charged on daily reducing balance basis
  • No pre-payment charges for repayment through own source
  • Attractive interest rates
  • Simple documentation
  • Easy repayment options via ECS/Post-dated cheques/Standing Instructions
  • Low processing fee
  • Speedy approval
  • Insurance cover at attractive premium

Purpose

  • Purchase of consumer durables

Eligibility

  • Salaried individuals, professionals, and businessmen

Loan Amount

  • Up to ₹ 2 Lakhs

Documentation

Security

  • Hypothecation of asset to be purchased

Guarantee

  • 2 guarantors required

Repayment Terms

  • Up to 5 years

Conditions Apply

Working Capital (Cash Credit)

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Empowering your business with flexible cash credit facilities tailored to meet the daily operational needs of SMEs and traders.

Features & Benefits

  • Interest charged on daily outstanding balance
  • Quick processing with minimal paperwork
  • Reasonable processing charges
  • Fast approval for eligible cooperative members
  • Dedicated support from our bank staff

Purpose

  • Meet working capital needs like inventory purchase, bill payments, and receivable financing

Eligibility

  • Registered members or account holders of the Bank with a valid business background
  • Small business owners, retailers, or service providers

Quantum of Facility

  • Based on business turnover, collateral, and repayment history

Documentation

Security

  • Primary: Hypothecation of inventory and receivables
  • Collateral: Fixed deposits or property, subject to evaluation

Overdraft Against Property

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Unlock the potential of your property to fund your business through our secure overdraft facility.

Features & Benefits

  • Competitive interest rates on daily balance
  • Flexible overdraft limit based on property value
  • Quick and easy disbursal process
  • Lower documentation burden
  • Transparent charges with no hidden costs

Purpose

  • For business expansion, procurement of stock, or meeting urgent financial obligations

Eligibility

  • Individuals or proprietors having property within permissible city limits
  • Member of the cooperative bank

Assessment Criteria

  • Loan up to 65% of property’s market value
  • Property must be legally clear and mortgageable
  • Steady income flow from business or rental

Documentation

Security

  • Mortgage of property
  • Additional collateral may be requested based on credit profile

Terms & Conditions Apply as per Bank’s policies.

Disclaimer

ENROUTING TO A THIRD PARTY WEBSITE

By choosing to click on this option, viewers will be prompted to third party links, and Baba Saheb Bank page will disappear and viewers will automatically leave the Bank's page. Needless to state, these links are meant for informative easy gateway. The Baba Saheb Bank do not have any operative hold over any third party web site or its material. Hence our bank cannot be held accountable for the contents or any material of these third party web sites.

So it is pertinent to note that Baba Saheb Bank do not undertake the responsibility of any nature what so ever related to warranties, expressions, representations, in any form either express or implied, related to such third party links or web sites or any material or information contained therein.

Viewers be noted that these third party web sites may have their own views, opinions, angles and different policies about security & other aspects which may differ from Baba Saheb Bank. It is always advisable that viewers do essentially review such privacy or security policies and be cautious always before sharing your personal or confidential information at your own risk and Baba Saheb Bank will not be responsible for any loss of what so ever nature or misuse of information if any in future.

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