Personal Loan

Personal Loan is offered to meet personal expenses such as marriage, family functions, medical expenses, travel, and other personal needs.

Quotation of expected expenses.
5 Photographs of Applicant.
Applicant must be a Regular Member/Nominal Member.
Applicant’s last 2 years Income Tax Return / Payslip of last 3 months / Notarized income certificate for joint family.
Last tax bill / Certificate from society chairman/Secretary if applicant owns property.
Address Proof – Electricity Bill/Telephone Bill (any one) as per KYC norms.
Photo Proof – PAN Card / Voter Card / Driving License / Aadhaar Card (any one) as per KYC norms.
Applicant has to show all original documents to the bank for verification with Xerox copy. Original documents will be returned after verification.
The borrower should provide salary certificate under Sec(49).

3 Photographs of Guarantor.
Guarantor must be a Regular Member/Nominal Member.
Photo Proof – Driving License/Election Card/Passport/Aadhaar Card.
Address Proof – Electricity Bill/Telephone Bill (any one).
Copy of PAN Card.
Latest Tax Bill / Certificate from society chairman/Secretary if applicant owns property.

Bank will give loan up to 85% of quotation.
The loan repayment in 36/48/60 months with EMI.
Interest will be debited on monthly EMI basis.
Applicant must pay margin amount to the bank. Bank will issue a banker’s cheque of full amount in the name of dealer/vendor.
Applicant must submit Xerox copy of invoice and receipts.
Processing charges applicable as per bank rules.
Applicant can open a Savings Account in our bank.
Stamp charges applicable as per Govt. of Maharashtra Stamp Department.
The borrower should provide two salaried persons as guarantor.