Eligibility :
- Member of the KALPAKA NIDHI LIMITED
- Holding either single account or joint account with other family members’ viz., father, mother, wife, son or daughter with regular source of income.
- Individuals who may be employed/self-employed in business having regular income.
- Permanent employee of Central/State/Defence//Public or Joint Sector Undertaking/reputed firms/established Educational Inst/Professional/Businessmen having regular income.
Purpose of Loan
- Up-gradation, renovation and extension of residential property.
- Medical, emergency expenditure for maintenance of family.
- To meet the Wedding Expenditure.
- Major Surgical operation.
- For expansion of your existing business or begin a dream venture.
- Meeting any other genuine need as may be specified by the Borrower and agreed to by the Lender.
- Planning to start a small Business.
Quantum of Finance
As per eligibility and Income Earning Capacity.
Repayment Details
By EMI or Regular.
Processing Charges & Service Tax,
1 % Processing Fees and Other Charges (Inclusive) PLUS Service Tax as applicable.
Supporting Documents for Loan Sanctioning
Photo Identity Proof:
- – Pass port
- – PAN card
- – Voters Identity Card
- – Driving License
Residence Proof:
- – Telephone Bill
- – Letter from any recognized Public Authority
- -Electricity Bill
- – Ration Card
- – Letter from employer subject to satisfaction on Bank
- – Properly Tax Book/Receipt
- – Registered Lease Deed
- Application on Prescribed form
- Two photographs of Borrower and Guarantors
- Address proof of Borrower and Guarantors (copy of Ration Card, Election card, Telephone bill, Driving License etc.)
- Income proof, Copy of Income Tax Return, Financial Statement of the Firm, Sales Tax returns etc.
- Profile of Guarantors.
- Loan should be guaranteed by three financially sound Guarantors having net individual worth twice the loan amount.
- Any other marketable security.