The Ankola Urban Co-Operative Bank LTD offers a Personal Loan that can function as a salary loan for employees in the private, public, and government sectors.
Here's a brief overview based on the information available:
- Purpose: To help salaried individuals meet their financial commitments.
- Security: Requires two "respectable sureties" who are shareholders of the bank.
- Interest Rate: The interest rate for Personal Loans is 15%.
- Additional Requirement: A 10% Fixed Deposit (FD) on the loan amount might be required.
- Documentation: You will likely need:
- Passport-size photos
- Identity proof
- Nationalized Bank's advance cheque
- The latest 2 months' salary slip
- LIC Assignment (Statement of Surrender Value)
For more specific details, eligibility criteria, and the complete terms and conditions for a salary loan, it's best to directly contact The Ankola Urban Co-Operative Bank LTD or visit their nearest branch in Ankola.
