What kind of financing facility does the Bank provide under EEZEE Finance?
Running Finance Facility for individuals for meeting their personal, family or house hold needs.
 

What is the amount of financing offered under EEZEE?
The amount ranges from Rs. 3Lac to Rs. 10Lac.
 

What is the mark-up rate?
The mark-up to be charged on EEZEE Finance is 6-months KIBOR

What is the frequency of mark up repayment?
Monthly/Quarterly mark-up is payable as the case may be within 15 days of its becoming due.
 

What is the security that I will have to offer to avail EEZEE Finance?
A residential property or plot which is acceptable to bank.
 

Is a third-party collateral acceptable?
Third party mortgage will be allowed only in the case of spouse/parents.
 

What are the Processing Charges?
Rs. 2,000/- per application shall be charged irrespective of the amount of finance. Processing fee of Rs 1,000/- shall be charged on the enhancement or renewal of the facility.

How is the loan entitlement calculated?
Following criteria limit the amount of loan entitlement:

a. EEZEE finance shall not exceed 60% of the market value of the security offered.
b. The debt burden of the borrower should not exceed 50% of its net income.