Surety Loan

Eligibility
Any person with assured monthly Income acceptable to the Bank.
Rate of interest
15.00%
Repayment Tenure
36 months
Loan Limit
Maximum amount of Rs. 1,00,000/-
Purpose
Purchase household articles/furniture, house repairs/renovation, marriage, etc. 
Surety
Minimum Two guarantor with sufficient net worth
Security
Hypothecation of purchased items is necessary along with proper documentation, Insurance policy with surrender value, Vehicle, immoveable property, our bank's own deposits.
Margin
75% of the Quotation amount 
Other Terms
Membership is necessary for the borrower and sureties to avail this loan.

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