Eligibility :

• Member of the BCSI 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

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.