| 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
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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].
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| 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
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| 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.
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| Quantum of finance |
- Maximum limit Rs.5.00 lac subject to repaying capacity of borrower.
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| Share Linkage |
- Borrower must have Bank share holding @ 2.5% of the loan sanction amount.
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| Repayment period |
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| Rate of Interest |
11% 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.
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