SURETY LOAN

SURETY LOANS (ORDINARY LOANS)

RATE OF INTEREST : 14.50% p.a.
FEATURES
  1. 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.
  2. 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.
  3. Loan to be repaid in maximum 50 installments.
  4. EMI should not be more than 50% of monthly Income of the Borrower.
DOCUMENTS REQUIRED
  1. In case of repair, proof of property, estimate, NOC from Landlord in case of rental property.
  2. Income Proof, ITRs, residence proof and photograph of the borrower and sureties.

NOTE: RATE OF INTEREST GIVEN ABOVE ARE SUBJECT TO CHANGE