Services
Features of Surity loan
Tenure of 1 year
Multi Purpose Loan
ROI starts from 15 %
1️⃣ ASPECTS
- Quick Loan Processing
- Free to use a fund any purpose
- Suriety loan is renewed every year
- Interest is charged on the reducing balance of your loan
- There are no hidden charges or fee
2️⃣ RATE OF INTEREST
- Rate of Interest is 15%
- Penal Interest is 3%
- No Handling Charges.
3️⃣ ELIGIBILITY
- The guarantor should be residing in the same locality and should know & trust each other.
- Please note that all applications are subject to review by the loans committee to consider your individual circumstances to make a final decision on your loan being granted
- For small businesspersons
- Age = 18 to 55 years.
4️⃣ DOCUMENTATION & SECURITY
- In case of new customer, applicant & guarantors need to open savings / current account.
- Two Acceptable Guarantors
- Duly filled form with :
- Residential Proof of Applicant
- PAN Card of Applicant
- KYC of Applicant
5️⃣ SHARE HOLDING
- Regular Membership fees is Rs. 525 & Share amount @ 5 % of loan amount.
- Guarantors : Regular membership.