Nagarik Sahakari Bank Ltd., Bhiwandi offers *Surety Loan* facilities to meet the personal and financial needs of its customers by providing credit support against reliable personal guarantees. This loan scheme is suitable for customers who have sound repayment capacity and trustworthy sureties.
Purpose of Loan:
► Meeting personal or family financial requirements
► Medical, educational, or social expenses
► Small business or professional needs
► Any other genuine purpose as permitted by the Bank
Key Features:
► Loan granted *against personal surety/guarantee*
► Competitive interest rates
► Flexible repayment options
► Simple documentation and faster processing
► No tangible collateral required, subject to Bank norms
Eligibility:
► Salaried individuals, self-employed persons, professionals, and business owners
► Regular income and satisfactory credit history
► One or more acceptable sureties as approved by the Bank
Loan Amount & Margin:
► Loan amount based on income, repayment capacity, and surety strength
► Margin, if applicable, as per Bank policy
Repayment:
► Repayment through monthly instalments (EMIs)
► Standing instructions or other approved modes
► Repayment tenure as decided by the Bank
Security:
► Personal guarantee/surety acceptable to the Bank
► Post-dated cheques or other documents, if required
► Additional security may be stipulated in specific cases
