Vaish Cooperative Adarsh Bank Ltd. – Personal Surety Loan

Vaish Cooperative Adarsh Bank Ltd is an urban cooperative bank that was established in the year 1936 and has been serving the customers through its excellent service since then. It has 10 branches in the territory of Delhi itself. The bank adopted this name in 1964. The bank got its banking license in 1986.

The Bank was adjudged in 2005 the Best Performing cooperative bank for the financial year 2004-05 by the Delhi state cooperative union, Ltd. and cooperative department of the Delhi Government.

The Bank has been granting loans to the industrial units under the relocation Scheme launched the by Govt. of NCT of Delhi.

Purpose: This personal loan can be taken for fulfilling any personal needs.

Eligibility: In case of salaried employees, the employers consent to deduct the EMI from the salary account need to be submitted. In case self employed applicants, they should be giving tax for at least the previous 3 years.

Quantum of Loan: The quantum of the loan is decided based on the purpose and eligibility of the applicant.

Security: Proof of the personal needs (housing, business, education, etc.) need to be submitted.

Repayment: The post dated cheques have to be submitted at the time of disbursement of loan to pay the EMI.

Other features: 0.5% of the loan amount is charged as processing fee.