Unsecured / Clean


To meet marriage expenses /Medical expenses /Education of self/spouse/children/near relatives. Repairs/renovation/extension of existing house/flat (where Equitable Mortgage charge over the property cannot be created in favor of the Bank and the proponent has not raised loan against such property from any Bank/FI/NBFC, etc.). Any other Personal Expenses of bona fide nature.

Secured Advances

Repayment of existing Housing Loan from other Banks/Fistic. Purchase of Consumer Durables/Computers/Professional Equipment’s, etc. [In case of clean/unsecured loan, an undertaking to be obtained from the borrower stating that the loan has been utilized for the purpose declared. In case of secured advances, appropriate proof/bills/receipts for expenses incurred to be obtained.]


For Clean/unsecured advance Secured Advance
Max.36 EMIs w.e.f. one month after first disbursement. 60 EMIs in exceptional cases. Max. 60 EMIs w.e.f. one month after 1st disbursement.

For Clean / Secured Advance


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Processing / Handling Charges

All linked to Banks MCLR
BOI MCLR 8.70 % w.e.f. 10.12.2018
(All charges are Exclusive of GST)
Fully Secured/Clean/Unsecured 1 Year MCLR +2.50%
One time 2.00% of loan amount
Min. Rs. 500/- Max.Rs.2,000/-
No Processing Charges for senior citizens (60 years & above)