Rajkot Nagarik Sahakari Bank is a leading Co-Operative Bank in Gujarat State, India. Bank was established on 5th October 1953. Bank was the first co-operative institute to start functioning in the erstwhile region of Saurashtra.
Bank is enjoying the “Scheduled Bank” Status since 1989. In year 2001 Bank was registered under Multi-State Co-Operative Society Act. With opening of branch in Mumbai, the Economic Capital of India the bank became Multi-State Schedule Co-Operative Bank.
Purpose: This loan can be availed to meet the business needs such as cash credit.
Eligibility: Any individual who has sufficient repayment capacity and who is doing business can avail this loan against the stock in trade. Only stocks in trade will be considered for the loan.
Quantum of Loan: The quantum of personal loan depends on stock pledged to the bank as security.
Security & Guarantee: Two people who are acceptable to the bank and are customers of the bank are required as guarantors.
Documents required: IT Returns of the applicant and the guarantor needs to be submitted.
Proof of the residence and income of both the applicant and guarantor is required.
PAN number of the applicant needs to be submitted. Latest stock report must also be presented along with the loan application.