Loan Schemes

Unsecured Loans

Eligible borrower :

• Individuals (Salaried/Businessman), Partnership Firms

• Two

• Upto the limits prescribed by RBI from time to time
• Consumption, Business, Housing, Education, Medical Expenses, Ceremonial, Repayment of Debts, etc

• As decided by the Board and HO circulars

• 3 years maximum.

• Documents in support of purpose of loan
• Income proof of borrower and sureties

• Loan Application in the appropriate Form
• Joint & Several Demand Promissory Note
• Agreement for loan
• Agreement for salary deduction u/s 49 of MCS Act, if borrower/sureties is/are salaried persons
• Any other document depending on the purpose/security of the loan