Surety Loan

Eligibilty:

A Class members & E class associate members having 
A) Salaried individual with confirmed service 
B) Business having an established Artisan

Purpose of Loan:

Artisan holding A class members Business, Self-employment, Industrial purpose

Limit per Borrower:

Maximum Limit Rs.2,00,000-00

Primary Security:

Fixed Deposit  /  LIC Policy   /  NSC  / Vehicle Hypothecation

Repayment Period:     

Minimum 2 year 6 months, Maximum 5 years (According to sanctioned amount as per slab)

Rate of Interest:

15% (With effect from:15-11-2022)

Guarantors:   

Two guarantor   (having good financial standing)

Shareholding:

10% of sanctioned Loan Amount