Personal Loan-PLA

Eligible category of borrowers

  • Regular members of our bank only

Line of activity

  • Persons engaged in business / professional services / Employees / others having good turnover / income.

Quantum of loan

  • As mentioned in Interest chart

Repayment

  • Monthly Installments + Interest

Rate of Interest

  • As mentioned in Interest chart (Subject to changes / revision from time to time)

Purpose

  • Domestic / Business / Others to be specified

Security

  • Policies by way of Assignment.

Shares

  • As applicable

Sureties

  • 2 sureties who are necessarily to be regular members/ Nominal members of the bank.

Other charges

  • As applicable.

Documents Required

  • Specified loan application.
  • Guarantor’s declaration form.
  • Address and income proof of both borrower & sureties.
  • Audited Financial statements, whenever necessary to be provided.
  • Assignment of Policies to be secured.
  • Any other letter/document related to the vehicle/ activity/purpose as the case may be.

For more details / clarification please contact your nearest branch.

Personal Loan-PLA
AMOUNT 36-40M
Upto Rs. 50,000/- 13.00%
>Rs. 50,000/- to Rs. 1.00 Lacs 13.50%
Salaried – Rs. 1.50 Lacs 12.50%