Personal Loan (Surety )
Personal Loan
Rate Of Intrest 13.00 % Period 60 Months Maximum
Eligibility:-
a) Applicant must be a regular member of our bank.
b) Loan shall be granted to individuals & all forms of business constitutions.
c) Applicant must have duly satisfied KYC Norms.
d) Applicant should not be a defaulter of any bank.
e) Minimum CIBIL Rating shall be above 750
Scope:-
for personal use
Purpose of the Scheme:-
repayment of personal debts & others
Conditions:-
ii) Min. 3 years ITR (Filed on or before due date)
iii) Two Guarantors
Maximum Loan Amount:-
Rs 5.00 lacs
Security:-
two guaranters
Nature of Charge On Security/ies:-
salary lien
Guarantors:-
Two guarantors of high net worth.
Linking Shares
5 % of Loan Amount
Processing Fee [on loan amt]
1.5%
Other Conditions
This Scheme will be governed as per our Credit Policy & applicant has to fulfill all norms narrated under this Scheme.
Norms for Salaried Person
Net salary after deduction of E.M.I. Should be 30% of gross salary & minimum amount should not be less than 20000/- per month (spouse income will be included)
Norms for Non-salaried Person
For non-salary class, income after deduction of tax & EMI shall be minimum Rs. 240,000/- per annum
Credit policy
All other norms as per our credit policy should be observed
