Janata Sahakari Bank Ltd.,Pune is a scheduled bank that was established on 18th October 1949 by people committed to social cause in Pune city. RBI included the bank in second schedule and from 1st September 1988. Janata Sahakari Bank Ltd., Pune is functional as Scheduled Co-Operative Bank and accepts deposits from Government and Semi-Government corporations. Similarly Government & Semi-Government corporations accept Bank’s drafts.
Purpose: This is a kind of personal loan that finances the purchase of consumer durables like television, air conditioner, washing machines, etc. in a household.
Eligibility: Any Individual who has the repayment capacity can avail this loan facility.
Rate of Interest: The rate of interest of the loan is 15%.
Quantum of loan: The maximum amount of loan that could be granted is Rs. 3,00,000/-.
Margin: Only 90 % of total price will be granted as loan.
Security & Guarantee: Asset to be purchased is submitted as a security.
Repayment: Repayment can be done as equated monthly installments (E.M.I) for the period chosen
Documents Required: The documents that are required for getting the loan are as follows:
Loan Application
Latest Income Proof of Applicant
PAN Card of Applicant
Address Proof of Applicant
Photograph of Applicant
Quotation of product that is to be purchased