• Disbursement of loan will be subjected to the condition at the time of disbursement.
  • Final approval/section will be issued subject to fulfillment of existing terms & conditions of apply/search Report Compulsory.
  • Only 50% of net salary of Government Guarantor can be treated as EML.
  • Net salary of Government Guarantor must be doubled from the E.M.I of loanee, if salary of Government Guarantor is less than double, then amount will be reduced.
  • 2 months pay slip/ Bank pass book photocopy.
  • One photograph of each family member (above 18 years)(only in case of private limited guarantor).
  • Advance E.M.I installment will be recovered from all the applicants/loanee, if applicant depositing their E.M.I without bouncing till completion of Loan. On demand, company can provide loan equal to double in future in case a single bouncing, this facility will not be applicable then.
  • Company will accept only those applicant & Guarantor whose age should be 18 to 60 years.

NOTE : GOVERNMENT DEPARTMENT WHICH IS ACCEPTABLE AS GUARANTOR

Education(primary/ Middle School) Education(Middle School, High School, Inter College)
Education/Degree College Education (Run by Management)
Nagar Palika Nagar Nigam
Jilla Panchayat Nalkoop(Tube-Well)
P.W.D. P.H.E.
Health Electricity
Bank L.I.C/G.I.C
Railway Roadways
Irrigation B.S.N.L.
Indian Postal Agriculture
Forest NLC/CoalIndia

Documents Required: Guarantor

  • 5 Photo’s
  • Address Proof
  • I.D Proof
  • 2 month pay slip / Property Papers / Last 3 Year ITR
  • 7 x 50 Stamp Paper (In favour of guarantor)
  • Processing Fee – According to loan amount
  • R.O.I. – 5% to 11% Flat P. A.

Schedule of Guarantor

  • 1 Lakh to 10 Lakh : 1 Guarantor
  • 10 Lakh to 25 Lakh : 2 Guarantor
  • 25 Lakh to 50 Lakh : 3 Guarantor
  • 50 Lakh to 1 Crore : 4 Guarantor
  • 1 Crore to 5 Crore : 5 Guarantor

*OTHER DEPARTMENTS ARE ALSO APPLICABLE WITH RESPECT TO THE CASE OF APPLICANT.*