Surat Peoples Coop Bank Ltd. Loans – Personal Loan

By | March 30, 2011

Purpose: This loan is for financing personal needs. (e.g. family holiday tour, medical treatment, education expenses, marriage etc.) or business needs.

Eligibility: The applicant of personal loan has to be a minimum of 21 years of age.

Repayment: Repayment tenures are up to 60 months. One may prepay the loan with no penalty, or pay more than your stipulated monthly installment at any time, depending upon availability of funds

Documents Required:

  • Latest 3 months Bank Statement (where salary/income is credited)
  • Latest 2 salary slips
  • Last 2 years ITR with computation of income / Certified Financials
  • Proof of Turnover (Latest Sales / Service tax returns)
  • Proof of Continuity current job (Form 16 / Company appointment letter )
  • Proof of Continuity current profession (IT Returns / Certificate of business continuity issued by the bank)
  • Proof of Identity
  • Proof of Residence (any one) Ration Card / Utility bill / LIC Policy Receipt
  • Proof of Office (any one) Lease deed / Utility bill / Municipal Tax receipt / title deed
  • Proof of Qualification Degree

Other features: Nominal processing charges. No prepayment penalty in case of home loan.

 

 

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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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