Mahalakshmi Cooperative Bank

Monsoon Personal Loan

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Monsoon Personal Loan

Loan Details

Rate of Interest: 16.5% (Reducing Interest)

Sanction Limit: Rs. 50,000/- to Rs. 2,00,000/-

Documents Required

  • Passport Size Photo
  • Identity Proof
  • Latest 2 Months Salary Statement of Surety with 6 Months Bank Statement
  • Two Sureties Required
    • SB Account
    • Membership with Mahalakshmi Co-Operative Bank
    • One surety must be a salaried person
    • One surety must be an existing member of the bank
  • LIC Assignment (Statement of Surrender Value)
  • Driving License
  • Voter ID
  • PAN Card
  • Ration Card
  • Pigmy Account Opening is Mandatory for the Borrower
  • Should Recommend and Give Information about Vidya Siri Account Facilities to Family and Relatives
Note: All the personal loan conditions will be applicable.