Personal Loans Scheme
ST LOAN NON - AGRICULTURE SECTOR (HCC - PCC)
MT LOAN/ CCC To VKSS STY, FOR ONWARD LENDING OTHER THAN AGRICULTURE PURPOSE
HOUSING LOANS (LT/ MT) (INCLUDING GHARKUL SCHEME)
ADVANCE AGAINST GOLD ORNAMENTS
LOAN TO PURCHASE 2ND HAND VEHICLE/ MACHINER/ VESSEL
- Salaried Doctors, employees of selected MNCs, Public and Private limited companies, Government Sector employees including Public Sector Undertaking and Central and Local bodies
Sureties :
- Two guarantors
Amount of Loan :
- Maximum loan available is Rs. 15 lakhs
- The total deduction from the salary including loan installments do not exceed 1/3rd of Gross Salary of the borrower.
Purpose:
- House Repair/Renovation, Consumption, Business, Education, Medical Expenses, Ceremonial, etc.
Eligibilty :
- Minimum age of applicant is 21 years
- Maximum age of the applicant at loan matured is 60 years
- One third of net salary with additional margin of Rs.500 to be maintained
Documents required for personal loan
Documents Salaried Individuals
Identity proof Pan Card/Passport/Election Card/Photo Identity issued by Government, Defence Services, Public Sector undertaking/Driving Licence/Photo Credit Card/Employees ID Card, Letter/card issued by UIDAI containing the details of name, photograph, address and Aadhaar number.
Income proof Latest salary slip showing all deductions or Form 16 along with current dated salary certificate or ITR (last 2 years).
Residence proof Bank Account Statement/ Latest Electricity Bill/ Latest Telephone Bill/ Latest Credit Card Bill/ Employers letter certifying current mailing address/Passport(Valid)- provided the passport address is present address mentioned in application form / Existing Registered House Lease/ Government I-card with photo and address/ Ration Card/ Latest Property Tax / Water Tax bill.
Signature Verification Valid Passport /Pan Card/ Processing Fee Cheque/ Banker's Verification Letter.
Proof of telephone Latest bill of landline or mobile or WLL stating name of borrower or address of borrower.
Guarantor Compulsory twosureties .
Rate of Interest :
| For Public | 12.00% |
| For Staff | 11.50% |
Repayment Period :
- 5 to 15 years
- other requirements :
- Documents in support of purpose of loan.
- Latest salary Certificate of the Borrower showing all deductions & latest Salary Certificate /Pay slips of sureties.
Documentation :
- Photograph
- Proof of identity
- Loan Application in the appropriate Form.
- Joint & Several Demand Promissory Note.
- Agreement for loan.
- Agreement for salary deduction u/s 45 of The Goa Co-op Societies Act 2001 Act, if borrower/sureties is/are salaried persons.
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