When the borrower applies for the loan whether the application made is in the boundary line of the organization, taking the proper help of documents provided by the organization.
Whether necessary documents are attached or not.
Beyond that, the important thing is the eligibility of the borrower to refund the loan. According to the Maharashtra State Co-operative Credit Society Act 2002 the borrower is required to be a member /nominal member of the organisation.
Stock of goods machinery, loan for party engages in occupation or self-employment.
Easy Loan Process.
Flexible Tenure.
30% margin new machine/vehicle
50% margin old machine/vehicle
Employment: Minimum 2 years of continuous employment.
2. Two Guarantors are mandatory.
3. Undertaking is mandatory.
4. Maximum Loan Limit. (Loan limit: 20 times of net salary.)
5. Margin 20% of ex-showroom price.
6. Tenure from 36 Months to 60 Months.
7. Interest Rate 14% / 15% / 16%
8. Member/ Nominal Membership is mandatory.
1. Age Proof
2. ID Proof
3. Application form
4. Photograph
5. Residence proof
6. Income proof
7. Bank statement
8. Signature Verification proof
9. Proforma invoice