Janata Sahakari Bank Ltd.,Pune 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 loan enables a person to obtain a loan on his/her credit card.
Eligibility: Anyaccount holder of the Bank with minimum 6 months of transactions can avail this loan. Firms, Institutions are excluded from the scheme. All Businessmen, Industrialist, Servicemen Individuals can apply.
Quantum of loan: The maximum amount of loan that will be granted is Rs.50,000/- or 50% of credit card limit whichever is lower.
Margin: Only 50% of the credit card limit subject to a maximum of Rs. 50,000/- is granted as loan.
Security & Guarantee: A minimum of one guarantor is required for this loan.
Repayment: The maximum period within which repayment has to be done is 3 years. If loan is not cleared within given period then the loan will be renewed.
Documents Required: The documents required for obtaining this loanare same as the personal loan of cash credit.