FOR PERSONAL / BUSINESS LOAN

          FEATURES & NORMS

Max Loan

Rate of Interest

1.5% P.M

Period of Loan / Tenure

24 months max. (2 years)

Income Proof

By way of self-declaration on Rs. 100/- stamp paper or affidavit to be done for income declaration

Guarantors / Co-applicant

Documents Required

Latest electricity Bill, Latest Property Tax Receipt, Pan card copy, Aadhaar card copy, 4 photos, income declaration of Rs. 100/- stamp paper

Loan Documents

DP Note, Loan agreement on Rs.100/- stamp paper, Letter of Lien & set Off on Rs. 100/- stamp paper, Letter of Joint Liability Guarantee duly stamped on Rs.100/-stamp paper, Hypothecation Deed duly stamped on Rs.100/-stamp paper

Disbursal

Loan amount based on valuation by approved valuer

Special Cases

In case of Takeover from other Banks, special deviation can be given subject to loan repayment history in that bank

MEMBERSHIP

Applicant Borrower –Regular Membership

30 shares each borrower Rs. 750/-

Processing Charges

1 % of loan amount plus 18% GST

Visit charges

Rs. 250/-

Repayment Mode

Monthly EMI for 24 months

CHARGES

Documentation charges

At Actuals

CIBIL Charges

Rs. 100 /- plus GST