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Surety Loan

Purpose

Purpose Ceremonial expenses,house repairing, education, medical expenses, repayment of old debts

Eligibility

Self employed or salaried persons who are account holders of the bank and residents of Navi Mumbai.

Loan Limit

Rs. 25,000/- where deduction u/s 49 of M.S.C. Act 1960 is not available.
Upto Rs. 1,00,000/- where deduction u/s 49 of M.S.C. Act 1960 is available or SDL undertaking and PDCs against salary or ECS mandate to be issued in favour of bank by reputed employer.

Repayment Period

36 to 48 months.