Janata Loan against Property

By | March 28, 2011

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: To meet liquidity mismatches in business or for personal needs one can obtain this loan.

Eligibility: Any Individual can apply for this just like a personal loan. Any Firm or Company can also avail this loan for the same purpose.

Quantum of loan: Up to Rs. 50 lakhs can be achieved as loan.

Margin: 40 % of valuation cost will be granted as loan.

Security & Guarantee: Two guarantors are required in this scheme of loan. Property needs to be pledged as security.

Repayment: Repayment period could be up to a maximum of 84 months.

Documents Required: The documents that are required to be submitted are as follows:

Loan Application

Latest Income Proof of Applicant

PAN Card of Applicant

Address Proof of Applicant

Photograph of Applicant

Title Report, Verification Report of Property

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About Pradeep Yuvaraj

Pradeep Yuvaraj is a Co-Founder and Director at Finerva Financial Solutions Private Limited, a financial education company focused on personal finance education. He has penned over 250 articles relating to Personal Finance and clocked over 500 hours of educating individuals on managing personal finance. He is a serial entrepreneur and has been associated with 7 Start-ups. His entrepreneurial experience spans industries as varied as Education, Gas Engineering, Automobile Design, Software development and more recently a Pure play presentation design company. Prior to turning entrepreneur in 2005, he has worked for 3 of the top ten companies of the world - Shell, ExxonMobil and Total SA. This experience included handling Branch Operations, Channel Sales and Business Development across 5 states over a period of 8 years. He holds an MBA from Symbiosis and an Electronics Engineering Degree from the University of Pune.

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