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 can be availed for any personal or business needs.
Eligibility: Any individual with sufficient repayment capacity can avail this personal loan. The applicant should also be a share holder of the bank. 2.5% of loan amount will be deducted as share amount.
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. The loan is subject to annually reviewed.
Security & Guarantee: Two guarantors satisfactory for the bank are needed. Property will be mortgaged by executing registered document and lien will be created on one property.
Documents required: Residential proof, income proof, financial statements, etc. of both the applicant and the guarantors are to be submitted.