Personal Loan
We offer Personal Loans to meet personal expenses, e.g., Marriage, Family Functions, Medical Expenses, Travel, and personal needs etc.
Applicant details
- Quotation of expected expenses
- 5 Photographs of Applicant
- Applicant Must be a Regular Member or a Nominal Member
- Applicant’s last two years' Income tax Return / Payslip of last 3 months / Notarized income certificate for joint family.
- Last tax bill/certificate from the society chairman/Secretary if the applicant owned property
- Address proof – electric bill /telephone bill (any one) as per KYC norms
- Photo proof – Pan card / Voter card / Driving license/Aadhar card (Any one) As per KYC norms
- The applicant has to show all original documents to the bank for verification with a photocopy. Original documents will be returned to the applicant after verification.
- The borrower should provide a salary certificate under Section 49.
Guarantor Details
- Photograph-3 copies
- The guarantor must be a Member of Regular Member or/Nominal Member
- Photo Proof – Driving License/Election Card/Passport/Aadhaar Card
- Address proof – electric bill /telephone bill (any one)
- Copy of PAN Card
- Latest Tax bill /Certificate from the society chairman/Secretary if the applicant owns Property.
Terms And Conditions
- The bank will give a loan of up to 85% of the quotation
- The Loan repayment in 36/48/60 Months with EMI.
- Interest will be debited on a monthly EMI basis.
- Applicants have to pay a margin amount to the bank. The bank will issue a banker's cheque of the full amount in the name of the dealer or vendor.
- Applicants have to submit a Xerox copy of the invoice, receipts.
- Processing charges are applicable as per the bank rules.
- The applicant can open a Savings Account in our Bank.
- Stamp charges are applicable as per the Maharashtra Government's Stamp Department.
- The borrower should provide two Salaried persons as guarantors
