SURETY LOANS (ORDINARY LOANS)
RATE OF INTEREST : 14.50% p.a.
FEATURES
-
- Maximum limit of Rs.5.00 lakh against personal sureties of members for
i) Repair of House/Shop/Office.
ii) Business Development.
iii) Personal Domestic/ ceremonial purpose. - Loan amount will be 8 times of Monthly Income in case of service/ I.T.R. and 6 times in case of affidavit where no income proof is produced.
- Loan to be repaid in maximum 50 installments.
- EMI should not be more than 50% of monthly Income of the Borrower.
- Maximum limit of Rs.5.00 lakh against personal sureties of members for
DOCUMENTS REQUIRED
-
- In case of repair, proof of property, estimate, NOC from Landlord in case of rental property.
- Income Proof, ITRs, residence proof and photograph of the borrower and sureties.
NOTE: RATE OF INTEREST GIVEN ABOVE ARE SUBJECT TO CHANGE