Personal Loan

 

PERSONAL LOAN

PURPOSE

For personal need

ELIGIBILITY

Individuals/Professional & self employed

MAX.LOAN AMT.

Rs.2.00 lacs

RATE OF INTEREST

12.00%

TENURE

36 months

MODE OF REPAYMENT

PDCS/ECS/THRU ACCOUNTS/salary deductions

COST ELIGIBILITY

N.A.

MARGIN

N.A.

AMT.ELIGIBILITY

As per needs

INCOME ELIGIBILITY

SALARIED INDIVIDUALS

Net/take home salary should be sufficient to service the proposed EMI

BUSINESSMEN/SELF EMPLOYED/PROFESSIONALS

1. Cash Accruals (i.e. Net Profit +Depreciation) should be sufficient to service the proposed EMI

FOR BOTH THE ABOVE, TAKE HOME SALARY SHOULD BE MINIMUM 35% OF THE GROSS SALARY INCLUSIVE OF THE PROPOSED LOAN REPAYMENT

DURATION OF SERVICE/ BUSINESS

Salaried: Confirmed service of  yrs

Business/Proffessionals-3 yrs

PRIMARY SECURITY

Nil

COLLATERAL SECURITY

On case to case basis

GUARANTORS

Two guarantors of good means acceptable to the bank

REQUIREMENTS

1. Loan application form

2.Borrowers and two guarantors-3 years I.T. returns for business/in case of salaried-form No.16

3.Account to be opened fulfilling the KYC norms/ KYC norms for guarantors to be complied with.

5.Borrowers/Guarantors- Bank statement for last 6 months of the applicant's existing bankers

6.Undertaking from the employer to deduct the installment amount from the borrowers/guarantor's salary and remitting the same to our bank

OTHER

CONDITIONS

 

Borrowers/Guarantors should have satisfactory track record and should not be an NPA with any other banks/FI.

** Terms & Conditions applied. 

 


News & Notices

Positive Pay System for Cheque Truncation

Positive Pay System for high value Cheque Truncation

your bank has introduced Positive Pay System as per Reserve Bank Of India guidelines

If your issuing of cheque Rs. 50000 & above please contact your branch along with details of cheque & use Bank module system.

LIST OF DEAF ACCOUNT Unclaimed Deposit

LIST OF AMOUNT TRANSFERRED TO DEAF ACCOUNT WITH RBI AS ON 31ST OCTOBER , 2020.

CLICK HERE 

SALE NOTICE

SALE NOTICE

Sale Of Asset and Property Owned By The bank

Sale Notes

Notice to the customers

 

All the customers are hereby informed that our Mulund branch will be Merged with our Borivali East branch w.ef. 20.10.2020. Therefore all the customers of Mulund branch are requested to perform their banking transactions through our Borivali East branch situated at the below mentioned address. we regret for the inconvenience caused to the customers.


The Jain sahakari Bank Ltd.

Raj Ratan apartment, Ground floor,
Jain Mandir road, Daulat Nagar,
Borivali East Mumbai 400066
Tel No- 2892 1748 / 289 15587