Loan

We provide a wide range of services

There is a spiritual aspect to our lives — when we give, we receive — when a business does something good for somebody, that somebody feels good about them!

GOLD LOAN

  • Instant Loan
  • Utmost safety of your gold
  • Minimal documentation
  • Higher Loan to Value
  • Easy repayment with multiple modes
  • Applicants who are not existing customers of Moti bank can also avail this facility
  • The gold ornaments proposed to be pledged by the customer will be assessed and valued immediately, in order to arrive at loan amount eligibility
  • Overdraft facility provides the flexibility to the customer to rotate his funds and thus utilize the credit limit as per his needs
  • The customer, at the time of availing the gold loan facility, can decide on the facility available under the product best suited to him

To apply for Moti Bank Gold Loan, you need to fulfil the followings:

  • Age: Minimum 18 years
  • Constitution: Resident Individual/ Proprietor
  • Security: Gold ornaments/articles above 18 carat

Required Documents
Be ready with following documents while opening this account

For Moti Bank customers

Latest address proof (only if the address of the customer as updated in the bank records is different from the address stated in this application)

For Non-Moti Bank customers

Identity Proof, Address Proof, Signature Proof (KYC Documents) and 3 passport size photographs

Loan

Gold Loan

Interest Rate

12% to 15% depending on purpose & profile and discretion of bank

Loan Processing Charges

Nill

Credit Appraisal Charges

Minimum Rs. 50, Maximum Rs. 100, Based on number of ornaments, Weight & Bank Loan, first appraisal  No appraisal charge for auto renewal

Commitment Charges

Nill
Overdue charges2% of Overdue Amount, compounded monthly

Collection Charges

Outside cheque collection charges will be charge based on amount and location

Dishonour Charges Per Instance

Rs. 100.0/- + 18% GST

Prepayment Interest / Forclosure Charges

Minimum one month interest will be charged.

Charges applicable in case customer requests for copies of records pertaining to his transactions ( SOA / Amortization Schedule)

First instance without any charge. Post that, Rs. 100/- per request.

Be ready with following documents while opening this account

For Moti Bank customersLatest address proof (only if the address of the customer as updated in the bank records is different from the address stated in this application)
For Non-Moti Bank customersIdentity Proof, Address Proof, Signature Proof (KYC Documents) and 3 passport size photographs

Home loan

  • Doorstep service
  • Attractive interest rates
  • Convenient loan disbursement process
  • Simplified documentation
  • Insurance options to cover your home loans at attractive premium
  • Quicker turnaround time
  • Faster loan processing – in just 4 hours*
  • Applicable to salaried customers only
  • A hassle-free process, no hidden charges

Home Loan Eligibility depends on following factors.

  • Monthly or annual income
  • Source of Income
  • Savings and credit history
  • Qualification
  • Work Experience
  • Age
  • Number of dependents
  • Probability of individual continuing in same occupation

Loan

Housing Finance

Interest Rate

Loan Processing Charges

Upto 1% of Loan amount

Documentation Charges

Nill

Commitment Charges

Nill

Overdue Interest

2% of Overdue Amount, compounded monthly

Collection Charges

Outside cheque collection charges will be charge based on amount and location

Dishonour Charges Per Instance

Rs. 100.00/- + 18% GST

Duplicate Issue of NOC

Rs. 500/-

Solvency Certificate

Rs. 10000/-

Be ready with following documents while applying home loan

Apart from the application form, you will be required to submit the following documents.

Income proof and banking details

Age proof and address proof

Identity proof and Signature Proof   

Proof of educational qualifications

Commercial vehicle loan

  • Finance options for a wide range of vehicle
  • Attractive interest rates
  • Tailor-made financing schemes
  • Speedy loan processing
  • Tenure of upp to 7 Years
  • All Indian Residents
  • Minimum income of Rs. 15,000 per month
  • Minimum residence stability of 1 year
  • Minimum employment stability of 1 year
  • Minimum 21 years of age
Cheque Dishonour Charges per Cheque100.0/- + 18% GST
Prepayment interest on Principal outstandingMinimum one month interest will be charged
Issue of Duplicate copy of Agreement / Duplicate NOC / NOC for Duplicate Registration Certificate750.0
Issue of Duplicate Security Deposite Receipt per Receipt250.0
Cancellation of Contract (other than foreclosure and prepayment interest) at specific request of the Borrower and agree by the Lender2000.0
Delayed Payment / Late Payment Charges / Compensation / Additional Finance Charges (Monthly)0.03
Collection Charges for non PDC cases (per cheque) for non-payment on due date500.0
Repayment Schedule / Account Outstanding Break up statement250.0
LPG / CNG NOC2000.0
Statement of Account100.0
NOC for Interstate Transfer1000.0
NOC for Commercial to personal use2000.0
Dishonour charges per instance100.0/- +18% GST
NOC to convert from private to commercial5000 (Subject to approval)
Taxes as applicable from time to time. 

Documents

Salaried Concerns

Self Employed Firm

Proprietary

Partnership

Companies

KMPL App. Form duly filled by you

Yes

Yes

Yes

Yes

Yes

Latest Salary Slip showing statutory deductions

Yes

NO

NO

NO

NO

Form 16 / IT Returns

Yes

NO

NO

NO

NO

Proof of Residence

Yes

Yes

Yes

Yes

Yes

Signature

Verification from your Banker / IT PAN card

Yes

Yes

Yes

Yes

Yes

CAR LOAN

  • Finance options for a wide range of car
  • Attractive interest rates
  • Tailor-made financing schemes
  • Speedy loan processing
  • Tenure of upp to 7 Years
  • All Indian Residents
  • Minimum income of Rs. 15,000 per month
  • Minimum residence stability of 1 year
  • Minimum employment stability of 1 year
  • Minimum 21 years of age
Cheque Dishonour Charges per Cheque100.0/- + 18% GST
Prepayment interest on Principal outstandingMinimum one month interest will be charged
Issue of Duplicate copy of Agreement / Duplicate NOC / NOC for Duplicate Registration Certificate750.0
Issue of Duplicate Security Deposite Receipt per Receipt250.0
Cancellation of Contract (other than foreclosure and prepayment interest) at specific request of the Borrower and agree by the Lender2000.0
Delayed Payment / Late Payment Charges / Compensation / Additional Finance Charges (Monthly)0.03
Collection Charges for non PDC cases (per cheque) for non-payment on due dateOutside cheque collection charges will be charged based on amount and location
Repayment Schedule / Account Outstanding Break up statementMinimum one month interest will be charged
LPG / CNG NOC2000.0
Statement of Account500.0
NOC for Interstate Transfer1000.0
NOC for Commercial to personal use2000.0
Dishonour charges per instance100.0/- + 18% GST
NOC to convert from private to commercial5000 (Subject to approval)
Taxes as applicable from time to time. 

Documents

Salaried Concerns

Self Employed Firm

Proprietary

Partnership

Companies

KMPL App. Form duly filled by you

Yes

Yes

Yes

Yes

Yes

Latest Salary Slip showing statutory deductions

Yes

NO

NO

NO

NO

Form 16 / IT Returns

Yes

NO

NO

NO

NO

Proof of Residence

Yes

Yes

Yes

Yes

Yes

Signature

Verification from your Banker / IT PAN card

Yes

Yes

Yes

Yes

Yes

Would you like to start banking with us?

We are fastest growing Bank in the Co-operative sector.