Personal Loan

  • We offer Personal Loan to meet personal expenses e.g. Marriage, Family Functions, Medical Expenses, Travel, Education etc.

Applicant details :

  • Quotation of vehicle
  • 5 Photographs of Applicant
  • Applicant Must be Member of Regular Member/Nominal Member
  • Applicant last two years Income tax Return / Payslip of last 3 months / Notarized income certificate for joint family.
  • Last tax bill / certificate from society chairman/Secretary if applicant owned property
  • Address proof electric bill /telephone bill (any one) As per KYC norms
  • Photo proof Pan card / Voter card / Driving license/Aadhar card (Any one) As per KYC norms
  • Applicant has to show all original documents to the bank for verification with zerox copy. Original documents will be returned to applicant after verification.

Guarantor Details

  • Photograph-3 copies
  • Guarantor must be Member of Regular Member/Nominal Member
  • Photo Proof ??Driving License/Election Card/Passport/Aadhaar Card
  • Address proof ??electric bill /telephone bill (any one)
  • Copy of PAN Card
  • Latest Tax bill /Certificate from society chairman/Secretary if applicant owned Property.

Conditions

  • Bank will give loan up to 85% of quotation
  • For old car, applicant has to submit valuation report. Bank will give loan up to 50% of the valuation report.
  • Vehicle Loan repayment in 36/48/60 Months with EMI.
  • Interest will be debited on monthly basis.
  • Applicant has to take insurance of full value of vehicle in favour of bank.
  • Applicant have to pay margin amount to the bank.Bank will issue Banker cheque of full amount in the name of dealer.
  • Applicant have to submit Xerox copy of invoice, receipt, insurance policy, RTO book showing Bank's lien recorded with RTO.
  • Applicant has to take share @ 2.5% to 5.0% of the limit.
  • Processing charges applicable as per bank rules.
  • Applicant can open Savings Account in our Bank.
  • Stamp charges applicable as per Govt.of Gujarat Stamp Dept.