Nainital Bank - Home Page
  • BANK OPENED ITS 148TH BRANCH AT BHANIYAWALA, DEHRADUN ON 5TH OCTOBER, 2020. MR. DINESH PANT, CHAIRMAN & CEO INAUGURATED SAHASTRADHARA AND BHANIYAWALA BRANCHES.new

  • Bank opened its 146th Branch at Danpur, Rudrapur on 29.09.2020 and 147th Branch at Govindpuram, Ghaziabad on 30.09.2020. Mr. Dinesh Pant, Chairman & CEO of the Bank inaugurated both the branches.new

  • 98th Annual General Meeting of Nainital Bank held on 10th September,2020 through VC at Bank's Head Office, Nainital.new

  • Bank paid tribute to its founder father Bharat Ratna Pt. Govind Ballabh Pant on his 133rd birth anniversary on 10th September,2020.new

  • Notice for shareholders new

  • Bank celebrated its 99th Foundation day with great fervour and enthusiasm by organizing simple events and remembering and paying tribute to its founder fathers including Bharat Ratna Pt. Govind Ballabh Pant.new

  • Bank has opened its 145th branch at Jail Road Crossing, Haldwani on the auspicious day of Bank's 99th Foundation day. Our hon'ble Chairman & CEO Sh. Dinesh Pant inaugurated the branch.new

  • To fulfill its CSR responsibilities Bank adopted Himalayan black bear, Red Panda, Goral, Kaliji Pheasant and love bird for one year at G.B.O\Pant High Altitude Zoo at Nainital alongwith tree plantation activity on ceremonial occasion of Bank's 99th Foundation Day.new

  • IN VIEW OF COVID-19 CRISIS 'EMERGENCY CREDIT LINE GUARANTEE SCHEME' IS AVAILABLE IN OUR BANK FOR MEETING THE ADDITIONAL TERM LOAN/WORKING CAPITAL FACILITY UPTO 20% OF TOTAL OUTSTANDING AS ON FEBRUARY,29,2020 TO ELIGIBLE BUSINESS ENTERPRISES /MSMEs.new

  • Our Chairman & CEO Mr. Dinesh Pant has been elevated to TEG Grade / Scale VII in the rank of General Manager in Bank of Baroda w.e.f. 01.04.2020.new

  • Bank has launched COVID Emergency Credit Line (NCECL) loan scheme to provide liquidity support to borrowers impacted by COVID-19 pandemic.new

  • Bank has formulated Naini Kissan Credit Card (NKCC) scheme for meeting working capital requirements for animal husbandry and fisheries activities to help the farmers.new

  • Bank has also revised its SEED POLICY for credit facilities to seed processing units for FY-2020-21 wherein interest rate has been linked with CMR rating and collateral coverage.new

  • Mr. Dinesh Pant, Chairman & CEO, Nainital Bank donated his ONE month salary to "PM CARES" for COVID 19 outbreak victims.new

  • Nainital Bank is contributing Rs. 11.00 lakh (Rs. Eleven lakh only) for Chief Minister Relief Fund under CSR for COVID 19 outbreak victims. new

  • Employees of Nainital Bank contributed Rs. 14.20 lakh (Rs. Fourteen lakh twenty thousand only ) for "PM CARES" for COVID 19 outbreak victims.new

  • "Bank requires career oriented professionals as specialist officers in the category of Chartered Accounts, Credit Officers, Marketing Officers, IT Officers,Risk Officer, Planning Officer and Law officer". For details visit the Bank's website. new

  • Bank's esteemed customers are informed that the ATM withdrawal limit per Card per day reduced from Rs 40,000/- to Rs 20,000/- w.e.f. November 01,2018.

  • All esteemed customers holding magnetic cards are requested to get their cards replaced with EMV chip cards for uninterrupted card services.

150 Branches - 100% CBS/RTGS/NEFT Enable
Home > Business Banking > Shiksha Prasar for Institute
Shiksha Prasar for Institute
Period :

Demand / Term Loan : Maximum 120 months subject to review annually including gestation period not exceeding 24 months, However, loan for vehicles should not exceed 84 months (inclusive of gestation period if any).
Overdraft (Clean) : 12 months subject to review. However, the limit must be brought into credit at-least once in a year.
Bank Guarantee : As per requirement of the borrower.

Prime Security :

Demand / Term Loan : Assets created/acquired out of bank finance.
Overdraft : Fee securitization document.
Bank Guarantee : As per Bank’s norms.

Collateral Security :

Upto Rs.5.00 lac : NIL
Above Rs.5.00 lac : Equitable mortgage of property valuing at least 125% of credit facility/ies (land value to be taken as per circle rate, acquisition cost (if acquisition period is within six months) or realizable market value whichever is lower OR security in the form of unencumbered Bank’s own term deposits/NSC/KVP etc. for face value equivalent to the 75% of credit facility. In case the equitable mortgage of school/college/ institute land & building is offered as prime security and its value including the proposed construction is 125% of credit facility, the collateral security may be waived. If the effective mortgage of prime security is not feasible the other property (residential/commercial only) may be taken as collateral security after obtaining prior approval from concerned Monitoring Authority, for the proposals falling within their powers.

Personal Guarantee :

Personal guarantees of all trustees/office bearers/directors of trust/society/company. Combined worth of all the guarantors should not be less than three times of the value of advance. Wherever personal guarantee of any of the trustees/office bearers/directors of trust/society/company is not available, the guarantee of an outside person having at least equivalent worth may be obtained. Obtaining of personal guarantee can be relaxed for professionals who are in the Society/Trust/Co. without substantial financial stake, by the authority not below the rank of Vice President, subject to combined worth of the guarantors should not be less than two times of value of advance. However, personal guarantee of key managing person(s)/Office bearers/Trustee(s)/Director(s) (as the case may be) must be obtained.

Relaxation in respect of combined worth of guarantors may be given by the Chief Operating Officer/Chairman & CEO in deserving cases.

Repayment Schedule :

Installments may be fixed on monthly/quarterly basis, keeping in view the fee collection pattern/schedule. However, interest during gestation period should be regularly serviced.

Insurance :

Insurance cover should be obtained in respect of full value of assets created out of Bank’s finance and immovable properties taken as collateral security/ies.

Processing & Documentation Charges :

As applicable from time to time.

Documents :

As per Bank’s norms.

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