TIMELINES FOR CONVEYING CREDIT DECISIONS

Priority Sector Timeline for Loan Application Disposal

Loans upto Rs.25,000/-

Fortnight

Loans above Rs.25,000/-

8 to 9 weeks

Micro & Small Enterprise

Loans upto Rs.25,000/-

2 weeks

Loans above Rs.25,000/- and upto Rs.5 lac

4 weeks

(As mandated by RBI in their Master Circular – Lending to Priority Sector dated 01.07.2014)


SME Loans at all Centres

SME Loans at all Centres Timelines for Loan Application Disposal (*)
Regular Additional / Ad-hoc Limits

All loans upto Rs.25 lac

14 days

7 days

Loans of Rs.25 lac and above upto Rs.50 lac

14 days

Sanction in case of Take-over

14 days

Time norms for RM (SE)

Limits above Rs.50 lac upto Rs.5 crore

22 days

15 days

Time norms for RM (ME)

Limits above Rs.5 crore

22 days

15 days


Retail Loans at Metro & Urban Centres

Rent Plus

6 days

Mortgage Loan

6 days

Car Loan

2 days (For HNIs-1 day)

Education Loan

6 days

Personal Loan

3 days


Home Loansat Metro & Urban Centres

Scenario Sourcing entities Processing entities Total TAT

Under Builder tie-up (same centre)

2 days

4 days

6 days

Under Builder tie-up (other centre)

2 days

10days

12 days

Other than Builder tie-up (same centre)

2 days

10 days

12 days

Other than Builder tie-up (other centre)

2 days

14 days

16 days

Additional 2 days for Documentation & Disbursement

All Loans at Semi Urban & Rural Centres

Type of Loans Sourced by MRT/RMRO Sourced by Branch/Business Correspondent/Business Facilitator

Home Loan

7 days

9 days

Car Loan

3 days

4 days

Education Loan

6 days

6 days

Personal Loan

2 days

3 days

Traders Loan

6 days

6 days

Self employed / Transport operator

6 days

6 days

Mfg. Units

9 days

10 days

Agricultural Loans

7 days

8 days

Stree Shakti Tractor Loan
(With / Without Collateral)

3 days

3 days

" The timelines start from the date of receipt of complete documents from the applicant and the time taken by the applicant for submitting documents and / or for furnishing information sought by the Bank will not be taken into account for the purpose of timelines indicated above".

"All timeline counts will be on the basis of full working days. Wherever there is a need for verification etc. with various authorities/ Govt. bodies across one or more centres, a minimum of 15 additional working days will be applicable. We shall endeavour, at all times, to deliver within the indicated timelines, barring in situations and circumstances that are beyond the control of the Bank."