Loan Facility

Personal Loan

Personal Loan is a loan taken for yourself. That is, a loan taken for your personal work such as children's education, marriage, medical, home renovation or purchase of something, etc. There is no need to keep any collateral for this loan. This loan is approved immediately with minimal documentation.

Interest rate: 16%

Features / Benefits

  • Immediate loan at the branch level
  • No collateral
  • No prepayment fee.
  • Loan limit is maximum Rs. 125000/-
  • Loan Security Insurance Policy
  • You can pay the loan amount any number of times a month

  • Eligibility

  • The person applying must be a member of the organization.
  • There should be two capable landlord members who can repay the loan individually.
  • The landlords should not be from the same family.
  • A member can have a maximum of two loans for land.
  • There must be transactions in the savings account.

  • Required documents

  • Salary slips / income certificate / income tax returns of the last three years of the applicant and the landlord.
  • Updated photographs of the applicant and the guarantor.
  • Aadhar card of the applicant and the guarantor, PAN card, light bill, ration card e. Xerox.
  • Bank statement of the applicant and guarantor for the last 6 months.
  • Proof of loan utilization along with the reason for the loan is required.
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