The Sarvodays Sahakari bank limited – Personal Loan

Purpose                                  – The personal loan is offered for the purpose of social cause / small repairs of property / Child education etc.

Eligibility                                 – Any salaried persons / Professionals – Self Employed / Retailers

Quantum of Loan                   – Loan granted up-to 5 times of the net monthly income of the applicant/s Or Rs.1 lakhs whichever is less

Rate of Interest                     – 14%

Processing Charges               – Nil

Pre-payment Charges           – Nil

Share Money Contribution    – 5 % of the Loan Sanctioned

Tenure For Repayment         – Maximum up-to 40 months

Documents Required –

For the Applicant/s

• Photo I.D.
• Income Proof.
• Residential Address Proof.
• Proof of Immovable Property if owned by the applicant.
• Bank A/c Statement for the last six months.
• Statement of A/c for Loan / Advance facility availed from other Bank / F.I.
• A letter of undertaking from the employer to deduct of EMI from salary in case of salaried person if agreed by their Employers.

For the Guarantors

• Photo I.D.
• Income Proof.
• Residential Address Proof.
• Proof of Immovable Property if owned in their name.