Eligibility Criteria : |
- Any salaried persons / Professionals - Self Employed / Retailers.
- The purpose considered are, social cause / small repairs of property / Child education etc.
- Loan granted up-to 5 times of the net monthly income of the applicant/s Or Rs.2 lacs which ever is less.
- Minimum two personal guarantees having income / asset expectable to the Bank.
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Effective Rate of Interest : 14% *
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Processing Charges : Nil |
Pre-payment Charges : Nil |
Share Money Contribution : 5 % of the Loan Sanctioned.
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Tenure For Repayment : Maximum up-to 40 months.
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How to apply : |
An application in Bank’s Prescribed Form duly filled up having been affixed with the Photographs of the applicant/s and guarantors along with their signatures to be supported by the papers / documents detailed as under. |
For the Applicant/s. |
- Photo I.D.
- Income Proof.
- Residential Address Proof.
- Proof of Immovable Property if owned by the applicant.
- Bank A/c Statement for the last six months.
- Statement of A/c for Loan / Advance facility availed from other Bank / F.I.
- A letter of undertaking from the employer to deduct of EMI from salary in case of salaried person if agreed by their Employers.
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For the Guarantors. |
- Photo I.D.
- Income Proof.
- Residential Address Proof.
- Proof of Immovable Property if owned in their name.
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Note : |
Other supportive papers/documents/proofs to be produced, if further needed and asked by the Bank. |
* Conditions applied. |