Prime Bank was created and commencement of business started on 17th April 1995. The sponsors are reputed personalities in the field of trade and commerce and their stake ranges from shipping to textile and finance to energy etc.
As a fully licensed commercial bank, Prime Bank is being managed by a highly professional and dedicated team with long experience in banking. They constantly focus on understanding and anticipating customer needs. As the banking scenario undergoes changes so is the bank and it repositions itself in the changed market condition.
Purpose – The loan is offered against salary to meet ones personal miscellaneous financial/family requirements
Eligibility – Age: Minimum 25 years, Salaried: permanently employed for at least 2 years by a well-reputed organization including at least 6 months with present employer with minimum monthly income of Rs.20000
Self employed: Professional experience or business establishment for at least 2 years (with adequate proof) with minimum Rs.40000 as income
Quantum of Loan – Maximum 3 Lakhs
Duration – maximum 3 years
Interest Rates – 14%
Security – Post Dated cheques based on loan tenor; Employer Certificate incorporating to pay the monthly installments by deducting salary of the concerned applicant similar to other personal loan
Others – Partial or early settlement facilities, Competitive interest rates on a monthly reducing balance