This is a clean loan given to employees Private, Public and Government sectors in order to fulfil their commitments against security of two respectable sureties.
Rate of Interest: 16% (Reducing Interest)
Maximum sanction limit is Rs.1,00,000/-
Documents required for Personal Loan :-
- passport size photo.
- Identity Proof :–
- Salary bank account statement .
- Id card or Employee card.
- 2Surety – (SB a/c with Mahalakshmi Co-Operative Bank)
- Latest 2 months Salary Slip.
- LIC Assignment (Statement of Surrender value)
- Driving License
- Voter ID
- Ration Card
– Membership is necessary for the borrower and sureties to avail this loan