Vidya Sahakari Bank has introduced three new loan schemes on the occasion of its 36th anniversary. The schemes are called ‘Hafta Band Karz Yojana', ‘Prmanik Karz Yojana' and ‘Sone Kharidi Karz Yojana'.

"It has been observed that the salaried customers face acute financial crisis during the months of October and November because of the increase in expenses on the occasion of Dussehra. So we have come with "Hafta Band Karz Yojana" wherein during such months the respective customers will be given a break from the payment of installments," the bank said.

The ''Pramanik Karz Yojana" would be giving discount of 1% on loan takeovers to those customers who have a good record of loan repayment for three years with their previous bank.

The ''Sone Kharidi Karz Yojana" would give any amount of loan to the customer on the purchasal of gold. Margin money worth 25% of the loan amount would be charged to the customer. The loan can be availed without any identity proof or guarantor as the loan would be kept as security with the bank itself.

The bank also said that if the loan amount is within one lakh then the customer can avail early installment scheme.