This loan can be for any purpose but it is against N.S.C, K.V.P, or if you have any government security or L.I.C policy. Using this you can have instant finance with out breaking your any security. All you have to do is pledge your N.S.C/K.V.P/Government Security or L.I.C policy to Surat people’s bank and then we will grant you a loan up to a value determined on the basis of the securities pledge by you.
Purpose – The personal loan is offered for any purpose
Eligibility – Salaried Individuals, Professionals, Self Employed Individuals
Features –
- Long term loan up to 60 months(5 years)
- Easy Process
- Interest charge on actual reducing balance
- No Hidden Charges for administrative work.
- Nominal Processing Charge
- No Prepayment Penalty
Quantum of Loan – Maximum 10 Lakh
Margins – 35 % Margin
Rate of Interest – 10%
Repayment – Repayment in easy installments spread up to 5 years, based on your age and capacity.
Takeover of loan – If you have already taken any other loan from any other bank/financial institution and want to avail of the benefit of our low rates of interest, the bank will take over the loan that you have availed from them.