Varachha Bank Loan

Hello sir I want to know about security of personal loan in Varachha Bank so here can you please give me its details ?

Hey as per your demand here I am giving you details of personal loan in
varachha bank

Personal loan includes

Home Loans

FD Loan

Two Wheeler Loans

Self-Employee Loans

Car Loans

Gold Loan

Personal loan/Surety Loan for Members

Education Loans

NSC/ KVP Loans

Eligibility

Having current / saving account holder of the Bank.

He/she must be a member of the Bank

Rate of Interest

14% p. a

Security

Two personal guarantors, having their own residential buildings.

In case of employee, have to produce authority latter of deduction from
salary.

Purpose

Social ceremonies of the members.

Medical treatment of the members and his family members.

Educational expenses of his children.

Repairing of his residential house.

Quantum

Maximum limit Rs.5.00 lac subject to repaying capacity of borrower.

Repayment period

Maximum 60 months.

Share

Borrower must have Bank shareholding @ 2.5% of the loan sanction
amount.

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Answered By StudyChaCha Member