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.