Mahalakshmi Cooperative Bank

Personal Loan

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Personal Loan

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
  • 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.