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Personal Loan
This is a clean loan given to employees from Private, Public, and Government sectors to fulfil their commitments against the security of two respectable sureties.
Loan Details
Rate of Interest: 16% (Reducing Interest)
Maximum Sanction Limit: Rs. 1,00,000/-
Documents Required
- Passport Size Photo
- Identity Proof
- Salary Bank Account Statement
- ID Card / Employee Card
- Latest 2 Months Salary Slip
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Two Sureties Required
- SB Account with Mahalakshmi Co-Operative Bank
- LIC Assignment (Statement of Surrender Value)
- Driving License
- Voter ID
- Ration Card
Note: Membership is necessary for the borrower and sureties to avail this loan.