The bank was established in the year 1982 with an authorized Share Capital of Rs. 25.00 lakhs and the paid up Share Capital of Rs. 4.00 lakhs. The Sarvodaya Sahakari Bank Ltd., Surat is rightly bracketed as one of the leading and top-most co-operative banks of the city. It offers home loan, personal loan, vehicle loan, business loan, agricultural loan etc.
Purpose – The loan is offered for any personal purpose
Eligibility – Any salaried persons or Professionals – Self Employed or Businessman are eligible for the loan
Quantum of Loan – 80% of the face value
Primary Security – Hypothecation of Consumer Durables
Rate of Interest – 10.00 %
Processing Charges – Nil
Pre-Payment Charges – Nil
Share Money Contribution – 2.5 % of the Limit Sanctioned.
Tenure For Repayment – Loan to be repaid in maximum 60 EMI.