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 personal loan finances purchase of office premises and furniture for procuring professional equipment’s (Except Vehicle).
Eligibility: Any fresher / serviceman with professional Degree can avail this loan for starting or expanding business.
Rate of Interest:
| Up to Rs. 5.00 Lac | 14.50 % |
| Rs. 5.01 to Rs. 15.00 lakhs | 15.00 % |
| Rs. 15.01 to Rs. 25.00 lakhs | 15.25 % |
| Rs.25.01 to Rs. 50.00 lakhs | 15.50 % |
| Rs. 50.01 and Above | 15.75 % |
Quantum of loan: Maximum Rs. 30 lakhs for Mumbai, Pune & P.C.M.C. area & Rs. 20 lakhs for other areas
Margin: In case of Seed Cap Loan, 20 % of project cost and 75 % of project cost in case of Terms Loan will be granted as loan.
Security & Guarantee: Only one guarantor is required.
Repayment: The period of repayment of the loan is a maximum of 7 years with moratorium facility.