The Samastipur District Central Co-operative Bank offers personal loans and staff loans with varying interest rates based on the loan amount.
Personal Loan/Staff Loan:
- Purpose: Can be availed by salaried employees (government, semi-government, PSUs, and educational institutions of national repute) for various personal needs.
- Loan Amount: Up to ₹10 Lakhs (as per The Bihar State Cooperative Bank Ltd., which may have similar offerings). The Samastipur District Central Co-operative Bank Ltd. also mentions a maximum of 24 times Net Monthly Income, up to ₹5 Lakhs for their personal loan scheme.
- Repayment Period: Up to 5 years (as per The Bihar State Cooperative Bank Ltd.) or a maximum of 48 months (or residual service period, whichever is less) as per The Samastipur District Central Co-operative Bank Ltd.'s personal loan scheme.
- Eligibility: Minimum age 21 years, maximum age 65 years (age by which the loan should be fully repaid). Permanent employees with a minimum of 3 years of confirmed service may be eligible under a specific personal loan scheme.
- Required Documents (General): Proof of Identity, Proof of Address, and Proof of Income (latest salary slips or Form 16).
- Other Features: Low processing fee, fixed rate of interest, and no hidden charges (as per The Bihar State Cooperative Bank Ltd.).
