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”. Bank had all its branches computerized by the year 2000.
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 personal needs.
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: The maximum amount that is granted as loan is 90% of the one time premium policy.
Rate of Interest: The rate of interest is 13.5% per annum.
Repayment: The maximum period within which the repayment has to be done is 5 years.
Security & Guarantee: Two guarantors acceptable to the bank are required for this personal 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.