Surety Loan
| Particulars | Individual |
|---|---|
| Who can Borrow | Individual |
| Purpose | Personal needs such as Housing, Education, Medical Emergencies, Travel, Business etc |
| Max. Finance Available | Rs.2.00 lacs |
| Security | Above 1 lakh two guarantors or collateral security & Basic salary Rs 25000 & above |
| Repayment | 60 months |
| Processing Charges | 1% of the loan amount plus GST |
| Documentation Charges | As applicable |
| Prerequisites |
1. Income Tax returns for the last three years along with computation of income of the applicant and guarantors. 2. Confirmed employee in case of salaried person. 3. COMPLIANCE OF KYC NORMS. 4. Statement of operative Bank account for the last one year. 5. Salary certificate or salary slip for consecutive three months. |
| Required Document |
1) Latest three months pay slip or salary certificate. 2) Address Proof, ID proof. 3) Office id. 4) Bank membership ID Card. 5) Photo 6) 6 months Bank statement 7) Duration 60 months |
Sree Thyagaraja Co-operative Bank Limited, a leading Urban Co operative Bank in India.