Category Archives: Glossary

Indraprastha Sehkari Bank Limited -Secured loans to individual members

Purpose                      – For repair, additions/alteration, renovation etc of   one’s own house or house in the name of  spouse/father/mother or in the name of father/mother in law in case of  married female members. Any other legitimate requirement of funds except for speculative purpose, like; marriage of dependents,   to meet expenses on medical treatment and/or education of… Read More »

Indraprastha Sehkari Bank Limited – Scheme for Housing Loans

Purpose –           Construction or purchase of new dwelling units, financing of old dwelling units (not more than 15 years old) provided it is in a good condition. repair/renovation/extension of existing house; repayment of loan availed from housing Finance companies/banks; Purchase of plot to construct a house subject to condition that a house will be constructed… Read More »

Indraprastha Sehkari Bank Limited- Advance against Banks Own Deposits

Purpose                      – For any legitimate requirement of Funds     Eligibility                     – Any Individual, Group of Individuals,   Proprietorship or Partnership Firms, Companies etc   Type of Facility           – Loan and/or Overdraft limit.   Margin                         – 15% of the Present value of Deposit for General Public and 5% in case of members of staff of  Bank.  … Read More »

Sudha Co-operative Urban Bank Limited – Term Loan

Sudha Co-operative Urban Bank Limited started functioning on 17th January, 2000. The Bank is backed by 4000 share-holders and 9780 depositors/account-holders. The Bank has created its own History with 16 crores of deposits in several schemes and 11 crores of advances in as many as 16 loan segments. The Bank is rendering its services throughout… Read More »