Higher Purchase Scheme has been introduced for individuals with regular monthly income to facilitate purchase of household items including computers, VCD, Cassette Players or even a car of your dream with minimum equity participation. You can choose repayment schedule from the options ranging from 12 months to 48 months depending on your convenience and budget.

The loan under the scheme is to be repaid by monthly installments. The installments must be paid by the 7th day of the following month. Post-dated cheques are accepted by the Bank. Alternatively Standing Orders may be set up to realise the installments from the borrower's account held with the bank. The amount of monthly installment shall not exceed 50% of the monthly take home pay of the applicant in case of service holders.

Please contact our branches for the terms and conditions to avail the facility.