Salary Loan
Salary Loans
The Salary Deposit Scheme is a financial deposit program launched by the Rajashri Shahu Gramin Bank. Daily deposits of as little as five rupees can be made into an account by having a bank representative pick up the cash at the account holder’s door. For the benefit of the client’s day-to-day activities & business growth, loans secured by Salary deposits are made available. Up to three times the balance in the Pigmy Deposit account can be borrowed. Loans range from Rs. 10,000 to a maximum of Rs. 2,000. Our first loan is limited to Rs. 30,000 maximum. Additionally, there is a pigmy repayment method (Daily Basis). It really aids in our client’s ability to repay loans on time and do so without difficulty.
Salary loan interest rate:
Starting from With the down payment of 16% we provide Home loan for a repayment tenure upto ….
This program offers benefits to small business owners, salespeople, hawkers, etc. Even if the depositor is unable to make regular contributions, there is no penalty. A deposit account may be prematurely closed under certain circumstances. Loans are available up to a maximum of 85% of the Pigmy account balance.
representative pick up the cash at the account holder’s door. For the benefit of the client’s day-to-day activities & business growth, loans secured by pigmy deposits are made available. Up to three times the balance in the Pigmy Deposit account can be borrowed. Loans range from Rs. 10,000 to a maximum of Rs. 2,000. Our first loan is limited to Rs. 30,000 maximum. Additionally, there is a pigmy repayment method (Daily Basis). It really aids in our client’s ability to repay loans on time and do so without difficulty.
A shopkeeper has a daily investment of 100, 200, or more on that basis we do Salary loans. There are slabs in Salary loans like if someone is paying some specific amount then they will get 1 Lakh rupees. When the account holder starts their daily investment then their withdrawal of money will start after 3 months. After 3 months the account holder will the loan. The interest on the Salary loan is 18% without a mortgage.
Required Document
- Aadhaar Card Xerox
- Voting Card Xerox
- PAN Card Xerox
- Light Bill Xerox
- Ration Card Xerox
- Photo 4
- Three months salary slip
- Guarantee
- Bank Passbook Xerox (Nationalized Bank)
- Verify signature
- Bank statement for six months
- 100 Rs.Three stamps
- Form no. – 16
Guarantor 2
- Aadhaar Card Xerox
- Voting Card Xerox
- PAN Card Xerox
- Light Bill Xerox
- Ration Card Xerox
- Photo 4
- Pay slip 3 monthsk One Guarantor (Bank Passbook
- Xerox 4 Checks 100 Rupees 1 Stamp Signature Verify)
Note :- Borrower and both guarantors must have membership and income proofs of the organization
10% reduction in loan amount
Interest Rate :- 15 %
Rate of interest on arrears :- 2 %
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