The Sarvodays Sahakari bank limited – Loan against Pledge NSC/KVP

By | June 21, 2011

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 Interest10.00 %

Processing ChargesNil

Pre-Payment ChargesNil

Share Money Contribution2.5 % of the Limit Sanctioned.

Tenure For RepaymentLoan to be repaid in maximum 60 EMI.

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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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