Jalgaon Janata Sahakari Bank Limited – Secured FDOD Loan

By | March 30, 2011

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: Up to a maximum of 90% of the Fixed Deposit is granted as loan, unlike other personal loan.

 

Repayment: The maximum period for the repayment of the loan is the up to the end of the tenure of the Fixed Deposit.

 

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.

All information including news articles and blogs published on this website are strictly for general information purpose only. BankBazaar does not provide any warranty about the authenticity and accuracy of such information. BankBazaar will not be held responsible for any loss and/or damage that arises or is incurred by use of such information. Rates and offers as may be applicable at the time of applying for a product may vary from that mentioned above. Please visit www.bankbazaar.com for the latest rates/offers.
Category: Articles Glossary Tags: , ,

About Pradeep Yuvaraj

Pradeep Yuvaraj is a Co-Founder and Director at Finerva Financial Solutions Private Limited, a financial education company focused on personal finance education. He has penned over 250 articles relating to Personal Finance and clocked over 500 hours of educating individuals on managing personal finance. He is a serial entrepreneur and has been associated with 7 Start-ups. His entrepreneurial experience spans industries as varied as Education, Gas Engineering, Automobile Design, Software development and more recently a Pure play presentation design company. Prior to turning entrepreneur in 2005, he has worked for 3 of the top ten companies of the world - Shell, ExxonMobil and Total SA. This experience included handling Branch Operations, Channel Sales and Business Development across 5 states over a period of 8 years. He holds an MBA from Symbiosis and an Electronics Engineering Degree from the University of Pune.

Leave a Reply

Your email address will not be published. Required fields are marked *