SLNCB - Surity Loan Scheme

Purpose
Education/Domestic/House repair/Business

Eligibility
Should be a Shareholder of the Bank. Salaried Employees / Businessmen/Professionals and Individuals with proven source of Income.

Nature of facility
Term Loan

Quantum of Loan minimum / maximum Limit
Maximum limit Rs.1,00,000/- (with member Surity)
Maximum limit Rs.3,00,000/- ( Property Loan Member Surity)

Rate of Interest
13% P.a

Guarantor
Member (Salaried Employees / Businessmen/Professionals and Individuals with proven source of Income / Property loan member surity)

Security
N/A

Processing Fee / Other Charges
0.5% on loan Amount

Moratorium Period
N/A

Repayment Period
50 Months

Insurance
N/A