| Eligibility of borrower |
- Must complied with the norms of KYC and having one year old CA/SB A/c with the Bank.
- Must be a regular or nominal member of the Bank.
- Having sufficient score in CIC's reports
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| Proof of identity |
- Copy of PAN card, Aadhar card, Voter ID, Driving license, Pass Port, Job card issued by NREGA [Any two].
[Copy of PAN / Aadhar is mandatory]
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Proof of Address
[Residence / Business place]
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- Electricity bill / Gas Bill, Aadhar address OR rent agreement along with the recent copy of light bill.
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| Purpose of Loan |
- To meet the day to day payments and expenses related to the nature of business such as staff salary, light bill, purchase of stocks/equipments as required from day to day need etc.
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| Proof of income |
- I.T. returns of applicant for last year OR self income declaration.
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| Quantum of finance |
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| Share Linkage |
- Must be a nominal or regular member of the Bank
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| Repayment period |
- Repayment will be in 30 equal monthly Installments {EMl}
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| Rate of Interest |
13% p. a |
| Security |
- Two personal guarantors (one family member allowed), having their own property [Being regular or a nominal member of the bank]
- Guarantors have to submit copies of tax bill and receipt of their own property.
- In case of guarantor's income proof, self income declaration or l.T. return of last 1 year only.
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