GST No.: 24AABAT4356N1Z6               

Personal loan/Surety Loan for Members

Eligibility of borrower
  • Must complied with the norms of KYC and having CA/SB A/c with the Bank.
  • Must be a regular member of the Bank.
  • Must have his own OR family member's residential / commercial property in their own name in the Municipal record.
  • Having sufficient score in CIC's reports
Proof of identity
  • Copy of PAN card, Aadhar card, Voter ID, Driving license, Pass Port, Job card issued by NREGA [Any two].  
Purpose of Loan   
  • For celebration of social ceremonies
  • Medical treatment for borrower and his family members.
  • Educational expenses of children.
  • Purchase / Repairing / Renovation of residential house / office
  • Additional construction of residential house or for any other personal need
Proof of income
  • Self declaration OR latest copy of IT returns up to Rs. 2.00 lakh.
  • Above Rs. 2.00 lakh IT returns up to last 2 year.
Quantum of finance
  • Maximum limit Rs.5.00 lac subject to repaying capacity of borrower.
Share Linkage
  • Borrower must have Bank share holding @ 2.5% of the loan sanction  amount.
Repayment period
  • Maximum 60 months.
Rate of Interest    13%  p. a 
Security
  • Two personal guarantors, having their own property [Being a regular or nominal member of the bank]
  • Borrower has to submit original sale deed [Kabja karar / Dastavej] of his own OR family member's property and have to create charge over such property by way of general power of attorney in favour of the Bank.

 Jat Jamin Loan

 

Jat Jamin Loan 2