Jalgaon Janata Sahakari Bank Ltd. was established on 20th January, 1979. The Bank attained “Scheduled Bank” status on 29th January, 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: For business purpose or internal loan requirements of members of the group this loan can be availed.
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 granted as loan is decided based on the savings and grading of the group.
Repayment: The maximum tenure of the loan is decided based on the savings and grading of the group. The repayment has to be done through monthly installments.
Security & Guarantee: Two guarantors acceptable to the bank are required for this loan also just like a home 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.