Jalgaon Janata Sahakari Bank Ltd. was established on 20th January, 1979. The Bank attained “Scheduled Bank” status on 29th January, 2000. The bank works with a vision of “Carve the names on the heart of common man instead of carving names on marble”.
By the time Jalgaon Janata Sahakari Bank celebrated its Silver Jubilee in the year 2003-2004, the bank had already achieved over Rs. 300 crore as deposits.
Purpose: This loan finances purchase of second hand cars.
Eligibility: Any Indian citizen who is a share holder of the bank and also is capable of repaying the loan can avail this loan.
Quantum of Loan: There is no upper limit for the amount that could be granted as car loan.
Rate of Interest: The rate of interest is 15% per annum.
Repayment: The maximum period within which the repayment has to be done is 5 years. The repayment has to be done through monthly installments.
Security & Guarantee: Two guarantors acceptable to the bank are required for this loan.
Documents required: Along with the completed loan application of the bank, proof of income of the applicant and guarantors, KYC details of the applicant and guarantors, etc. has to be submitted in order to get the loan.