Janalaxmi Co-operative Bank Ltd., Nasik was established on 14 Feb, 1976. The mission statement of Janalaxmi Bank is “Sneha, Seva, Samruddhi”. Bank achieved the “scheduled bank” status from the RBI in Feb, 2000. Today the bank has a wide network of 25 Branches and 5 Extension Counters situated in Nasik, Mumbai, Vashi, Pune, Jalgaon and Malegaon.
Purpose: This loan finances construction or purchase of new House / Flat / Bungalow.
Eligibility: Any customer of the bank with sufficient repayment capacity can avail this home loan. The applicant should also be a share holder of the bank. If the applicant is not yet a share holder of the bank, he has to take membership of the bank.
Quantum of Loan: The quantum of loan varies from a minimum of Rs. 50,000/- to Rs. 25 lakhs.
Rate of Interest: The rate of interest is 15% per annum.
Repayment: The repayment has to be done in equated monthly installments through post dated cheques which have to be submitted at the time of sanctioning the loan.
Security & Guarantee: Two guarantors satisfactory for the bank are needed.
Documents required: Residential proof, income proof, financial statements, etc. of both the applicant and the guarantors are to be submitted.