Loans

Farm Loans
Micro Loans
Non Farm Loans

Non Farm Loans

If you are planning to get married or want to indulge in an exotic vacation, Building your dream home, owning your own vehicle or just short of funds to expand your business, SISCO Bank Non-Farm Loan gives you the credit you need, with fixed monthly payment that fits your budget.

Salaried Loan (Personal)

Unplanned or emergency expenses can crop up at any time of our life. If you are planning to get married or want to indulge in an exotic vacation and are falling short of fund, then worry no more. SISCO Bank Personal loan gives you the credit you need, with fixed monthly payment that fits your budget.

  • Loan amount:
    • Rs. 50,000 to Rs 7,00,000/-
    • Rs. 8,00,000/- (For medical Purpose only, Submission of Referral Certificate for medical treatment outside the State by Government of Sikkim is mandatory)

(Take home salary after deduction of the applied loan has to be minimum 35% the gross salary)

  • Tenure :12 to 84 months
  • Fixed Interest rate.
  • Nature of facility: Term loan.
  • No prepayment charges on closure of the loan.
  • Prompt sanctioning: Once all the required documents are submitted, the loan will be disbursed into your SISCO Bank savings account*.
  • Must be Permanent & Confirmed Employee of the Institution / Organization (with minimum 1+ years of regular/permanent service with compulsory GPF/CPF/EPF enrolment )
  • Minimum Age: 21 years.
  • Maximum Age: -Age of the borrower +Tenure of loan should be at least six months less than the retirement age of the salaried person
  • Two regular government employees as guarantors.

Housing Loan

Owning a house for your family is always a cherished dream. It feels good when you have a home to call your own. With SISCO Bank’s hassle free housing loans, building your dream house is within your sight.

Features:

  • Purpose: construction of new house/enlargement of existing house/purchase of land and construction of house thereon/ acquire a ready build house/ flat.
  • Loan amount:
  • Maximum of Rs. 40,00,000/-

(Take home salary after deduction of the applied loan has to be minimum 35% of the gross salary)

  • Tenure : maximum period of 25 years.
  • Easy repayment mode and hassle free documtation.
  • Nature of facility: Term loan.
  • No prepayment charges on closure of the loan.
  • Must be Permanent & Confirmed Employee of the Institution / Organization (with minimum 1+ years of regular/permanent service with compulsory GPF/CPF/EPF enrolment )
  • Minimum Age: 21 years.
  • Maximum Age: -Age of the borrower +Tenure of loan should be at least six months less than the retirement age of the salaried person
  • Two regular government employee as guarantors

Vehicle Loan

Your dream of owning your own vehicle will now be a reality with our flexible, super fast and easy Vehicle Loans.

  • Purpose: purchase of new vehicle
  •     Loan amount:
    • 75% of the estimated cost

(Take home salary after deduction of the applied loan has to be minimum 35% of the gross salary)

  •     Tenure : 12 months to 60 months.
  •     Easy repayment mode, hassle free documentation and faster disbursement.
  •     Nature of facility: Term loan.
  •     No prepayment charges on closure of the loan.
  • Must be Permanent & Confirmed Employee of the Institution / Organization (with minimum 1+ years of regular/permanent service with compulsory GPF/CPF/EPF enrolment )
  • Minimum Age: 21 years.
  • Maximum Age: -Age of the borrower +Tenure of loan should be at least six months less than the retirement age of the salaried person
  • Personal guarantee of two individual as specified by the bank.

Cash Credit

Want to expand your business? SISCO Bank provides working capital facility to businessmen to finance their day today requirement, expanding operations, and inventory expansion.

  • Purpose: to meet working capital requirement of traders and businessmen
  • Loan amount:
    • Upto Rs 40 lacs.
  • A borrowing limit allowed to the trader as per monthly requirement.
  • Credit period generally fixed at 1 year
  • Easy and flexible withdrawals.
  • Customized product best suited for traders and businesses
  • Any traders, business operating within the state of sikkim
  • Tax compliant
  • Business should be operational for atleast three years within the State

Medium-Term Non Agri Loan

Commercial Vehicle Loan

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