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Surety Loan
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Eligibility
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Member of the Bank
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Area of Operation
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Bangalore Urban District as per byelaws
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Number of sureties required
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One (Surety should compulsorily be a member of our bank)
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Documents required: As applicable to security offered
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1. Applicants & Surety holders Salary Certificate/ pay slips(originals)
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2. Applicants and Surety’s photos
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3. Income proof of applicants and Surety (if Advocate )
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4. Surety (if Govt Employee) - Salary certificate / Pay Slip
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Bank rule and other information for above loan
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1. Membership duration should be more than 2 years to avail loan
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2. Maximum Loan Amount Rs.50,000/- and period = 36 months
(Fourth Time) |
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3. ROI is 16%, and 2% penal interest per annum
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4. Rs.59/- as Service charges
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Maximum limit
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Rs.50,000/-
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Income Proof
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IT returns,
Rental agreement (income proof).
The applicant should furnish full information about his source of income/ income generating capacity along with documentary evidence to assess his repaying capacity.
Any other income proof acceptable to the Bank.
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