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COMPARE : PERSONAL LOAN |
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The Mahanagar Co-op Bank Ltd Personal Loan |
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Introduction |
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The bank provides personal loans for Consumption Purpose, house Repairs, Renovations, Consumer Durables, Vehicles, Education of Children or for any Valid reason which is not illegal/immoral. |
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Highlights |
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Salaried |
Self Employed |
Loan Scheme |
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Personal Loan |
Loan Type |
Term Loan |
Term Loan |
Loan Amount |
Min. - Rs 10000
Max. - Rs 200000
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Min. - Rs 10000
Max. - Rs 200000
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Tenure |
Min. - 12 months.
Max. - 84 months.
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Min. - 12 months.
Max. - 84 months.
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Interest Rate |
Min. - 15 %
Max. - 16 %
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Min. - 15 %
Max. - 16 %
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Fees & charges
Fees & charges
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Application Process
Application Process |
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Documents Required
· Loan application with photographs of borrower and Sureties
· Residential proof of Applicant and sureties
· Income proof of Applicant and surety
· Bank Account statement for 6 months showing credit of salary.
· In case of consumption purpose then quotation is required.
· In case of house repairs/renovations estimate of total expenditure is required.
· Undertaking from the employer to remit loan installments /salary directly to the bank.
· Any other document required by bank. |
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Security
Security |
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#Minimum two Sureties out of which one should be an income tax payer.
#The Borrower and all the sureties should be Regular/Nominal members of the Bank.
#For Professional, they must be an income tax payers.
#Collateral security if any.
#NSC/LIC/FD/Gold can be taken as Security and repaying capacity. |
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Show All Personal Loans
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