THE INDIAN BANK STAFF CO-OPERATIVE SOCIETY LTD., X-341 CHENNAI
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SURETY LOAN : It is a quick and hassle free source to avail loan for any emergency and at reasonable rate of interest too.
Now members can avail Surety Loan upto Rs.8,00,000/- ( interest @ 9.50 %).
The maximum repaying installments are fixed as 120 months ( subject to the availability of service in the Bank ). The loan limit is increased from time to time.
LOAN ELIGIBILITY CONDITIONS
| 1. COMPLETED SERVICE IN THE BANK | LOAN AMOUNT ELIGIBLE FOR MEMBERS |
|---|---|
| Within 3 years | Rs.3,00,000/- |
| Between 3 and 5 years | Rs.5,00,000/- |
| Above 5 years | Rs.8,00,000/- |
| 2. LOAN ELIGIBILITY CALCULATION | BASIC PAY + D A x 16 TIMES |
Please note that individual members will be sanctioned loan to the extent of the lower of the above two limits. So too, it will be the lower amount only between the borrower and surety eligibility. ( Borrower and Surety shares should be equal when a loan is sanctioned )
Contact Us
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The Indian Bank Staff Cooperative Society Ltd., X-341
No.253, Angappa Naicken Street,Chennai - 600 001
Tamil Nadu. - ibsociety1965@gmail.com
- 044-42627239
- 044-25340757
- 044-25340988
- Secretary No: 9677148603
- Assistant Secretary No: 9790805439