Services

Personal Loan

  • Vidya Sahakari Bank Ltd. - Personal Loan Purpose :
    For Repairs, Renovation of house, Furniture Purchase / consumer durables purchase
    "Paryatan" (Travel) Loan upto Rs. 50,000/-
  • Eligibility :
    Salaried Employees / Businessmen having regular source of income
  • Loan Amount :
    Maximum Rs. 1.00 Lakh
  • Margin :
    30% of Quotation
  • Repayment :
    Maximum 5 years.
  • Rate of Interest :
    15%
  • Security :
    Hypothecation of consumer durables to be purchased.
  • Guarantee :
    Two competent guarantors acceptable to bank.
  • Processing Charges :
    0.5% of the loan amount applied.
  • Shareholding :
    2.50% of loan amount
  • Documents Required :
    I. Latest Photograph, Photo Identity Proof, Residence proof of the Applicant and Guarantors
    II. In case of salaried person, salary slip for last 3 months and bank statement for last 6 months, ITR for 3 years
    III. In case of businessman, last 2 years profit & loss, balancesheet, ITR copies of last 3 years and bank statement of      business account for last 6 months
    IV. Quotation of consumer durables or proposed expenses.
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