Personal Loans (Jat Jamin)

Eligibility Criteria :

• Any salaried persons / Professionals –  Self Employed / Retailers.
• The purpose considered are, social cause / small repairs of property / Child education etc.
• Loan granted up-to Rs.1 lacs.
• Minimum two personal guarantees having income / asset expectable to the Bank.

How to apply :

• An application in Bank’s Prescribed Form duly filled up having been affixed with the Photographs of  the applicant/s and guarantors along with their signatures to be supported by the papers / documents detailed as under.

For the Applicant/s.

• Photo I.D.
• Income Proof.
• Residential Address Proof.
• Proof  of Immovable Property if owned by the applicant.
• Bank A/c Statement for the last six months.
• Statement of A/c for Loan / Advance facility availed from other Bank / F.I.
• A letter of undertaking from the employer to deduct of EMI from salary in case of salaried person if agreed by their Employers.

For the Guarantors.

• Photo I.D.
• Income Proof.
• Residential Address Proof.
• Proof  of Immovable Property if owned in their name.

Note : Other supportive papers/documents/proofs to be produced, if further needed and asked by the Bank.
* Conditions applied.

1. Vehicle Loans

   Eligibility Criteria :

   • Any salaried persons / Professionals –  Self Employed / Businessman.
   • Only for the purpose of purchase of New Vehicle for personal usage.                               
   • Loan amount will depend upon the repaying capacity of the applicant and the  worth of the personal guarantees offered.

   Personal Guarantee having income / asset expectable to the Bank :
        For Two Wheelers Loan – At least One Person.  
        For Four Wheelers Loan – At least Two Persons.

   Primary Security	Hypothecation of Vehicle.
   Rate of Interest	11.50%
   Processing Charges	At the prevailing rates of the Bank from time to time.
   Pre-payment Charges	Nil.
   Share Money Contribution	2.5 % of the Loan Sanctioned.
   Tenure For Repayment	For Two Wheelers Loan  : Maximum up-to 36 months. For Four Wheelers Loan  : Maximum up-to 84 months.

    How to apply :

   • An application in Bank’s Prescribed Form duly filled up having been affixed with the Photographs of  the applicant/s and guarantors along with their signatures to be supported by the papers / documents detailed as under.

   For the Applicant/s.

   • Income Proof.
   • Copy of I.T. Pan card.
   • Copy of  Driving license (In Force).
   • Residential Address Proof.
   • Proof  of  Residential Property owned by the applicant / member of the family.
   • Bank A/c Statement for the last six months.
   • Statement of A/c for Loan / Advance facility availed from other Bank / F.I.

   For the Guarantor/s.

   • Photo I.D.
   • Income Proof.
   • Residential Address Proof.
   • Proof  of Residential  Property owned in their name.

   Note : To offer an additional Personal guarantee of the member of the family of the applicant, who owns the residential property.
   Other supportive papers/documents/proofs to be produced, if further needed  and asked by the Bank.

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2. Term Loan For Consumer Durables

   Eligibility Criteria :

   • For purchase of Consumer Durables etc.
   • Maximum Loan facility @ 80 % of the purchase cost.
   • Amount of Loan will depend upon the repaying capacity.
   • Personal Guarantee of at least two persons having income / asset expectable to the Bank.

        

   Primary Security	Hypothecation of Consumer Durables.
   Rate of Interest	13.50 %
   Processing Charges	Nil.
   Pre-payment Charges	Nil.
   Share Money Contribution	2.5 % of the Limit Sanctioned.
   Tenure For Repayment	Loan to be repaid in maximum 60 EMI .

   How to apply :

   • An application in Bank’s Prescribed Form duly filled up having been affixed with the Photographs of the applicant/s and guarantors along with their signatures to be supported by the papers / documents detailed as under.

   For the Applicant/s.

   • Quotation for the purchase of consumer durables.
   • Income Proof.
   • Copy of I.T. Pan card.
   • Residential Address Proof.
   • Present Bank A/c Statement for the last six months.
   • Statement of A/c for Loan / Advance facility availed from other Bank / F.I.

   For the Guarantor/s.

   • Photo I.D.
   • Income Proof.
   • Residential Address Proof.
   • Proof of Residential Property owned in their name.

   Note : Other supportive papers/documents/proofs to be produced, if further needed and asked by the Bank’s Advocate / Valuer / Bank.

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3. Term Loan For Machinery

   Eligibility Criteria :

   • For purchase of new machinery for the purpose of Business.
   • Maximum Loan facility @ 75 % of the Cost of machinery.
   • Amount of Loan will depend upon the repaying capacity, Nature of business,  offering of collateral security  and the  worth of the personal guarantees.
   • Personal Guarantee of at least two persons having income / asset expectable to the Bank.
   
   

   Primary Security	Hypothecation of Machinery.
   Effective Rate of Interest	13.00 % *
   Processing Charges	At the prevailing rates of the Bank from time to time.
   Pre-payment Charges	Nil.
   Share Money Contribution	2.5 % of the Limit Sanctioned.
   Tenure For Repayment	Loan to be repaid in maximum 60 EMI .

   How to apply :

   • An application in Bank’s Prescribed Form duly filled up having been affixed with the Photographs of the applicant/s and guarantors along with their signatures to be supported by the papers / documents detailed as under.

   For the Applicant/s.

   • Quotation for the purchase of machinery.
   • Income Proof.
   • Proof regarding Registrations of the business.
   • Proof regarding place of business.
   • Copy of I.T. Pan card.
   • Residential Address Proof.
   • Projected figures for next 5 years for loan more than Rs. 5.00 lacs.
   • Present Bank A/c Statement for the last six months.
   • Statement of A/c for Loan / Advance facility availed from other Bank / F.I.

   For the Guarantor/s.

   • Photo I.D.
   • Income Proof.
   • Residential Address Proof.
   • Proof of Residential Property owned in their name.

   Note : Other supportive papers/documents/proofs to be produced, if further needed and asked by the Bank’s Advocate / Valuer / Bank.
   * Conditions applied.

Eligibility Criteria:

• Any person having sufficient repaying capacity.
• For the purpose of Purchase OR Construct a House Property for residence within the District – Vadodara and Chhotaudepur
• Loan maximum up to 85 % of the Purchase Cost as per Sale Agreement OR Cost of Construction as per Construction Agreement  in case new Construction OR Valuation by the approved valuer of the Bank which ever is less.
• Loan amount will depend upon the repaying capacity of the applicant and the  worth of the personal guarantees offered.
• Personal Guarantee of at least two persons having income / asset expectable to the Bank.

Primary Security : Mortgage of the House Property.

Rate of Interest :

• Upto 10 Years   11%
• From 10 Years to 15 Years 11 %.

Interest Scheme  once selected at the time of disbursement can’t be changed afterwards.
Processing Charges :

 
* Service tax applicable

Pre-Payment Charges :  No Prepayment Penal Interest.
Share Money Contribution : 2.5 % of the Loan Sanctioned.
Tenure For Repayment : Maximum 180 Months, depending upon the age of the applicant/ co-applicants.

How to apply :

• An application in Bank’s Prescribed Form duly filled up having been affixed with the Photographs of  the applicant/s and guarantors along with their signatures to be supported by the papers / documents detailed as under.

For the Applicant/s.

• Income Proof.
• Copy of I.T. Pan card.
• Present Residential Address Proof.
• Copy of  Sale Agreement in case of purchase of house property.
• In case of construction :
• A copy of Construction agreement.
• A copy of sale-deed of the land.       
• A copy of approved plan along with the permission granted by S.M.C.
• Bank A/c Statement for the last six months.
• Statement of A/c for Loan / Advance facility availed from other Bank / F.I.

For the Guarantor/s.

• Photo I.D.
• Income Proof.
• Residential Address Proof.
• Proof  of Residential  Property owned in their name.

Note :

• Title Search Report and Valuation Report from the Advocate and Valuer empaneled by the Bank is required to be produced on or before disbursement of the loan and fees for the same to be paid by the borrower.
• Stamp duty attracted for the mortgage deed and other agreement of loan to be paid by the borrower at the prevailing rates.
• Other supportive papers/documents/proofs to be produced, if further  needed and asked by the Bank’s Advocate / Valuer / Bank.

Eligibility Criteria :

• For the purpose of Business.
• Loan maximum upto 70 % Valuation of the property by the Bank’s approved valuer .
• Property offered for mortgage requires Titles Clearance certificate from Bank’s approved advocate ( This requires before disbursement of loan ).
• Loan amount will depend upon the repaying capacity and nature of business of the applicant and the  worth of the personal guarantees offered.
• Personal Guarantee of at least two persons having income / asset expectable to the Bank.

How to apply :

• An application in Bank’s Prescribed Form duly filled up having been affixed with the Photographs of  the applicant/s and guarantors along with their signatures to be supported by the papers / documents detailed as under.

For the Applicant/s.

• Income Proof.
• Proof  regarding Registrations of the business.
• Proof regarding place of business.
• Copy of I.T. Pan card of the applicant/s.
• Residential Address Proof of the applicant/s.
• Original Title deeds of the Property to be mortgaged at the time of mortgage.
• Bank A/c Statement for the last six months.
• Statement of A/c for Loan / Advance facility availed from other Bank / F.I.

For the Guarantor/s.

• Photo I.D.
• Income Proof.
• Residential Address Proof.
• Proof  of Residential  Property owned in their name.

Note :

• Title Search Report and Valuation Report from the Advocate and Valuer empaneled by the Bank is required to be produced on or before disbursement of the loan and fees for the same to be paid by the borrower.
• Stamp duty attracted for the mortgage deed and other Loan Agreements to be paid by the borrower at the prevailing rates.
• Other supportive papers/documents/proofs to be produced, if further needed and asked by the Bank’s Advocate / Valuer / Bank.

Conditions applied.

Eligibility Criteria :

• For purchase of new Equipments / Instruments / Furniture – Fixtures / Vehicle.
• Maximum Loan facility @ 75 %.
• Amount of Loan will depend upon the repaying capacity, Nature of business, offering of collateral security and the worth of the personal guarantees.
• Personal Guarantee of at least two persons having income / asset expectable to the Bank.

 How to apply :

• An application in Bank’s Prescribed Form duly filled up having been affixed with the Photographs of the applicant/s and guarantors along with their signatures to be supported by the papers / documents detailed as under.

For the Applicant/s.

• Quotation for the purchase of machinery.
• Income Proof.
• Proof  regarding Registrations of the business.
• Proof regarding place of business.
• Copy of I.T. Pan card.
• Residential Address Proof.
• Projected figures for next 5 years for loan more than Rs. 5.00 lacs.
• Present Bank A/c Statement for the last six months.
• Statement of A/c for Loan / Advance facility availed from other Bank / F.I.

For the Guarantor/s.

• Photo I.D.
• Income Proof.
• Residential Address Proof.
• Proof of Residential Property owned in their name.

Note : Other supportive papers/documents/proofs to be produced, if further needed and asked by the Bank’s Advocate / Valuer / Bank.
* Conditions applied.

Draw instant loan by pledging Gold Ornaments.

* Conditions applied.
For more information, please contact nearest Branch.

* Conditions applied.
For more details contact at nearest Branch.

Information will be updated soon…