Personal Loan

Shree Sharada Sahakari Bank Ltd., Pune    19-Sep-2015
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Eligibility

Individuals ( Salaried )  / Proprietor of Proprietorship firms/ partners of Registered Partnership firms, Directors of Pvt. Ltd. Cos etc.

Purpose

Personal genuine financial requirements,

(Purpose should be specified in the Loan application)

Amount

Max. Loan upto Rs.5 lac

OR upto 75% of the estimated exp.

OR upto 60% of repayment capacity

OR value of security available

Whichever is less

Margin       

Minimum 25% in Bank's favor

Rate of Interest

@ 13.50% p.a. (with monthly rests) subject to changes as per RBI guidelines our Bank's Policy.    

Repayment         

Within 60 month's by EMI

Security    

Personal security –

Salaried borrowers Monthly deduction from  Salary

 Businessmen/Professionals – Monthly standing

Instruction to their bank account, where their 

Normal business transactions are conducted

Guarantors

2 guarantors acceptable to the Bank

In case of existing loans preferably same guarantors be proposed.

Other Conditions

1. Loan to be considered based on acceptable rest

2.  Loan to be disbursed in stages as per requirement.