Group Loan

With Suvarnayug Bank's Group Loans, it is now possible to strengthen the relationship you share with your employees & make their dreams possible.

Who Can Apply? :

  Individuals earning salary in reputed organization.

Purpose :

  Any personal use.


  60 months.

Maximum Limit :

  Rs.5 lacs.

Securities :

  Company’s undertaking.


  a.Minimum service of 3 years & Maximum completed age at the time of application should not exceed 51 years.
  b.Company‘s undertaking for direct deduction of EMI from the salary.
  c.Total deduction not to exceed 60%.
  d.Compliance of KYC norms.

Attractive Features :

  Competitive Rate on daily reducing. No Prepayment penalty.

Guarantors :

  Two guarantors (Cross Guarantee within a group of three).

Documents Required :

 Confirmation letter.
 Company undertaking for direct deduction of EMI from salary.
 Latest 3months payslip.
 Last 1yr bank statement in which salary is credited.
 KYC documents.