Group Loan
| Particulars | Group of Members |
|---|---|
| Who can Borrow | Minimum 4 and Maximum 10 members |
| Repayment Period | 6 months to 60 months |
| Amount | Minimum Rs. 30,000/-, Maximum Rs. 5,00,000/- |
| Purpose | Business, Agriculture and allied, Education and Higher Education, Group Loan Top-up loan, For Emergency needs, and Domestic purpose. |
| Processing Charges | 1% Loan Amount + GST |
| Documentation Charges | As Applicable |
| Prerequisites |
1) Should be a member of the Bank. 2) Should hold Savings Bank Account or Current Account in the Bank. |
| Required Document |
1) Aadhar Card, Pan Card, Passport, Voter Id Card, NAREGA Letter. 2) Documents relating to the purpose of the Loan. 3) Stamp paper agreement signed by all the members of the group that Repayment of Loan will be done in regular installments. |
Sree Thyagaraja Co-operative Bank Limited, a leading Urban Co operative Bank in India.